| F.__Loan insurance payments may not exceed the lesser of: |
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| (1)__Principal, outstanding accrued interest and | collection costs approved by the authority; and |
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| (2)__The original insured amount; and |
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| G.__Terms other than those specified in paragraphs A to F as | may be required by law or by rule of the authority. |
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| The authority may provide insurance for related entities of up to | $7,000,000. |
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| Notwithstanding any provision to the contrary in this chapter, | the authority may provide special loan insurance benefits to | veterans and wartime veterans determined by rule of the authority | developed in consultation with the Department of Defense, | Veterans and Emergency Management, Bureau of Maine Veterans' | Services. |
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| For all loan insurance liability in excess of $1,000,000 and in | other instances when the authority determines it is appropriate, | the authority shall obtain a written assessment from the | Department of Environmental Protection of the environmental | conditions known by the department to exist at a project location | so that the authority fully considers environmental risks when | making its decisions.__Environmental conditions posing risks that | must be considered include, but are not limited to, licensing | obligations, existing or historic regulatory noncompliance and | site clean-up responsibilities. |
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| | 1-A. Coinsurance. Notwithstanding subsection 1, paragraph A, | and section 1026-D, subsection 2, with respect to mortgage | insured loans securing revenue obligation securities of the | authority issued under subchapter III 3, the authority may insure | an amount not to exceed 50% of the original principal amount of | the mortgage loan, plus 50% of accrued interest, and may provide | that mortgage payments be applied so that the insured percentage | of the loan increases and that proceeds of collateral are applied | first to reduce the portion of the loan not insured by the | authority, provided that that insurance shall does not exceed | $3,500,000 in original principal amount for any loan and that the | authority shall does not issue that insurance unless it | determines that the applicant is financially strong and credit | worthy creditworthy and that the loan is adequately secured by | collateral. |
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| | 2. Loan eligibility. The authority may insure mortgage loan | payments under this subchapter subject to the following | requirements: |
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