§ 39.14 MONITORING OF LOAN.

The RLF Manager or his designee will conduct a monitoring visit of each project at least twice a year to determine if there are any problems that jeopardize the loan. The RLF and servicing agency will keep each other informed about problems they encounter. If they so desire, the Board may request periodic financial reports from the company as a condition of loan approval.

(Ord. 87-27, passed 6-29-87)

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