Administrative Rules of Montana
Department 17 - ENVIRONMENTAL QUALITY
Chapter 17.85 - ALTERNATIVE ENERGY REVOLVING LOAN PROGRAM
Subchapter 17.85.1 - Alternative Energy Revolving Loan Program
Rule 17.85.104 - PROGRAM ADMINISTRATION
Universal Citation: MT Admin Rules 17.85.104
Current through Register Vol. 6, March 22, 2024
(1) The department may enter into a contract with, and compensate, a third party to perform any of the duties necessary to fulfill the purposes of this subchapter including, but not limited to:
(a)
technically review, evaluate, and approve applications;
(b) execute loan agreements;
(c) secure and service loans;
(d) collect loan payments; and
(e) conduct collections for defaulted
loans.
(2) The department, or a third party performing services under a contract entered into pursuant to this rule, may charge an applicant or borrower usual and customary fees including, but not limited to:
(a)
application fees;
(b) loan
origination fees;
(c) delinquency
fees; and
(d) costs of
collection.
75-25-102, MCA; IMP, 75-25-102, MCA;
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