85-1-616. Administration of loans and grants. The department shall:
     (1) administer the loan and grant program established by this part;
     (2) service loans made or contract and pay for the servicing of loans, including arrangements for obtaining security interests; and
     (3) collect reasonable fees or charges for the servicing of loans, including arrangements for obtaining security interests. The fees and charges must be deposited in the renewable resource grant and loan program state special revenue account established in 85-1-604.

     History: En. Sec. 17, Ch. 505, L. 1981; amd. Sec. 5, Ch. 149, L. 1983; amd. Sec. 48, Ch. 281, L. 1983; amd. Sec. 23, Ch. 478, L. 1993.