Minn. R. agency 109, ch. 1653, pt. 1653.0041

Current through Register Vol. 49, No. 19, November 4, 2024
Part 1653.0041 - COLLATERAL REQUIREMENTS

The RFA may participate only in loans that do not exceed 80 percent of the appraised value of the real estate offered for collateral. Additional collateral may be required based on the depreciability and saleability of the collateral and creditworthiness of the applicant.

Minn. R. agency 109, ch. 1653, pt. 1653.0041

20 SR 2427

Statutory Authority: MS s 41B.07