Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 320 - BETR REIMBURSEMENT LOAN PROGRAM
Section 457-320-8 - Loan Documentation
Universal Citation: 94 ME Code Rules ยง 457-320-8
Current through 2024-38, September 18, 2024
The borrower will be required to provide and execute such documentation as the Chief Executive Officer deems necessary to ensure that the borrower and any guarantors have binding, enforceable obligations to repay the loan and that the Authority has such valid and enforceable mortgages, security interests and assignments as necessary to protect the interests of the Authority. The Authority may require the borrower to have independent counsel for the execution of the documents.
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