Section 5-1.2-9-25 - Guarantees; secured loans; reservation of funds Before exercising any of the powers conferred by section 23 of this chapter, the authority may:
(1) require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;(2) require any type of security that the authority considers reasonable and necessary; or(3) authorize the reservation of funds by lenders in the amount and subject to conditions as the authority considers reasonable and necessary under this chapter.Added by P.L. 189-2018,SEC. 25, eff. 7/1/2018.