Mich. Admin. Code R. 390.1660 - Loan default; basis for grant denial; exception
Rule 10. A grant shall be denied if an applicant has defaulted on a loan guaranteed by the authority. Exception may be made if a defaulted borrower has made satisfactory repayment arrangements on the defaulted amount of the loan as determined by the authority.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.