Sec. 70.9. Financing institutions

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The department will enter into an agreement with a financing institution which indicates its willingness to make a loan, on such terms and conditions as the department and the financing institution shall agree. Such financing institution will be responsible for the closing and administration of the loan. Program assistance will be provided directly to a financing institution, subject to the provisions of this Part and the provisions of the agreement between the department and the financing institution.

                    
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