Current through Register Vol. XLI, No. 50, December 13, 2024
Section 193-1-3 - Terms of Program Loans3.1. Collateral. The Board may require any collateral that is available, including, in appropriate cases, a security agreement in personal property, or personal guarantees. Except as specifically approved by the Board, collateral shall be located within the State of West Virginia.3.2. No Refinancing. The Board may not enter into a loan agreement with an eligible borrower to refinance any existing indebtedness.