Section R. 390.1405 - Definitions; LRule 5. As used in these rules:
(a) "Lender" means an eligible lender or holder, as defined by the secretary in the provisions of 34 C.F.R. S682.200, who has entered into a participation agreement with the authority. These provisions are adopted by reference in R 390.1491.(b) "Limitation" means the continuation of an institution's eligibility subject to compliance with special conditions established by the provisions of R 390.1481 to R 390.1490.Mich. Admin. Code R. 390.1405
1979 AC; 1984 AACS; 1990 AACS