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outstanding, loan insurance obligations pursuant to | | this division exceeding $1,000,000; and |
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| | (2) In the case of insurance provided pursuant to section | 1026-C, $25,000; or Ninety percent of the principal | | amount of the loan made to any borrower, including | | related entities for any other manufacturing | | enterprise, industrial enterprise, recreational | | enterprise, fishing enterprise, agricultural | | enterprise, natural resource enterprise or any other | | eligible business enterprise; |
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| | (3) In the case of insurance provided pursuant to section | 1026-D, $1,000,000; |
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| | B. The loan shall must be serviced as required by the | authority; and |
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| | C. Such other terms as may be required by law or by the | authority. |
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| | | D.__The authority must determine that there is a reasonable | | prospect that the loan will be repaid; |
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| | | E.__The loan must be in compliance with the credit policy of | | the authority; |
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| | | 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 |
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