Wis. Admin. Code Department of Administration Adm 85.02

Current through November 25, 2024

Section Adm 85.02 - Definitions

In this chapter:

(1) "Authority" means the Wisconsin health and educational facilities authority.

(2) "Borrower" means a person identified in s. 231.35(2) (a) or (b), Stats., who is seeking to have a loan guaranteed by the authority.

(3) "Guarantee of collection" means a loan guarantee under which the authority agrees to pay according to the terms of the guarantee agreement if the instrument is not paid when due and the participating lender has pursued all reasonable efforts relative to collection.

(4) "Guarantee of payment" means a loan guarantee under which the authority agrees to pay according to the terms of the guarantee agreement if the instrument is not paid when due.

(5) "Participating lender" has the meaning contained in s. 231.35(1) (c), Stats.

Wis. Admin. Code Department of Administration Adm 85.02

Cr. Register, January, 1992, No. 433, eff. 2-1-92.