§206E-123 Loans; default. The authority may renegotiate, refinance, or foreclose any loan in default.
The authority may waive any default or consent to the modification of the terms of any loan or security agreement.
The authority may commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement.
The authority may bid for and purchase the property secured by the loan at any foreclosure or other sale, or acquire or take possession of the property secured by the loan.
The authority may operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan. [L 1982, c 228, pt of §8]
Section: Previous 206e-116 206e-117 206e-118 206e-119 206e-120 206e-121 206e-122 206e-123 206e-151-to-206e-159 206e-171-to-206e-173 206e-181 206e-182 206e-183 206e-184 206e-185 NextLast modified: October 27, 2016