Mich. Admin. Code R. 125.161 - Authority loan documents
Rule 161.
(1) Forms
of documents to be used with respect to development fund loans, mortgage loans,
and the issuance and sale of authority notes and bonds must be prepared, and
may be revised and amended, by the authority staff under direction of the
executive director on behalf of the authority, subject to legal
requirements.
(2) The appropriate
forms of the documents must be employed with respect to all matters relating to
development fund loans and mortgage loans.
Notes
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