Section 4-908 – Powers of Department — Program Loans in General

    The Department may:

        (1)    limit the return on equity allowed to, or enter into equity participation agreements with, sponsors and nonprofit sponsors;

        (2)    require and obtain appraisals, credit and title information, and other information related to making Program loans;

        (3)    contract for services relating to any aspect of the operation of the Program under the procedures required by law for State contracts;

        (4)    charge and collect:

            (i)    reasonable application and processing fees; and

            (ii)    other charges, fees, or reimbursements incidental to Program loans; and

        (5)    if necessary, limit the cumulative outstanding debt for Program loans made to a trust described in 42 U.S.C. § 1396p(d)(4) to preserve the ongoing financial viability of the Program.