§ 66A.17.

LOAN SERVICING

1.

Duties of Loan Servicer. The Loan Servicer shall receive repayments of Seismic Safety Loans, account for all such repayments, and provide to the Program Administrator monthly statements of such accounts for each outstanding Seismic Safety Loan.

2.

Loan Servicing Fees. The City may pay required fees to the Loan Servicer from the Bond Proceeds.

History

(Formerly Sec. 66A.18; added by Ord. 100-94, App. 3/11/94; renumbered by Ord. 2-01, File No. 001969, App. 1/12/2001)

(Former Sec. 66A.17 renumbered as Sec. 66A.16 by Ord. 2-01.)

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