Section 820-RICR-00-00-4.7 - Remedies of the CorporationA. In the event a Project borrower fails to comply with the requirement to include the provisions in the Project construction contract as set forth in §§ 4.4 and 4.5 of this Part, the Corporation may, at its option: 1. in the event the Project construction contract is fully executed and delivered at the time of closing of the Corporation loan, bond or note, decline to close and consummate the loan, bond or note transaction until such time as written evidence of compliance with these regulations is furnished to the Corporation;2. withhold the Corporation's consent with respect to requests for requisition of loan, note or bond proceeds for the payment of Project construction costs or expenses; and3. take into consideration the failure of compliance with these regulations by the Project borrower in evaluating any future applications for borrowing from the Corporation.B. The remedies for failure of compliance with these regulations shall be exclusively those set forth in § 4.7 of this Part.820 R.I. Code R. 820-RICR-00-00-4.7