Minn. R. agency 148, ch. 4900, RECEIVERSHIP REVOLVING LOAN FUND, pt. 4900.2907 - REPAYMENT
The loan shall be a personal obligation of the property owners and a loan repayment agreement with terms acceptable to the agency for a maximum term of ten years must be executed before the termination of the receivership; or, an assignment of rents shall be executed in an amount sufficient to repay the debt within a maximum term of ten years; or, a lien shall be placed against the property. Any one or a combination of the above may be used at the request of the agency to secure repayment of the loan.
Notes
Statutory Authority: MS s 462A.06
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