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MOHCD shall receive repayments of Loans, account for all such repayments, and provide to the Director annual statements of such accounts for each outstanding Loan. MOHCD is authorized to retain from time to time loan servicing agents as desirable to service Loans originated under the Program, and to charge Applicants and Borrowers for the cost thereof.
(Added by Ord. 270-18, File No. 180890, App. 11/9/2018, Eff. 12/10/2018)