(a) For purposes of this section, "production contract" means the same as defined in ยง 2-32-201.
(b) A lender or loan originator shall provide the following notice in boldface in or attached as a separate document to a commercial loan agreement if the borrower is obtaining financing relating to a production contract: "NOTICE: The Borrower may be required to make additional investments to comply with the related production contract before the term of this agreement is complete. The Lender is not obligated to make any additional loans to the Borrower if additional investments are required to comply with the related production contract."
Section: Previous 4-86-102 4-86-103 4-86-104 4-86-105 4-86-106 4-86-107 4-86-109 4-86-110Last modified: November 15, 2016