The Executive must adopt regulations under Method (2) to administer the Program, including:
(a) lending standards and priorities;
(b) minimum and maximum loan amounts;
(c) interest rates, terms, and conditions;
(d) application procedures, including necessary supporting documentations;
(e) criteria for adequate security;
(f) procedures to refer applicants to other sources of funds, and to cooperate with other public and private sources of funds;
(g) procedures to ask the Director to reconsider any denial of a loan or any decision on interest rates, terms, and conditions;
(h) procedures for nonpayment or default;
(i) procedures and requirements for post-installation inspection;
(j) disclosure requirements for real estate transactions; and
(k) criteria for loan disbursement. (2009 L.M.C., ch. 8, § 1.)