a. The Council may undertake to act either directly or indirectly as the loan-servicing agent, or to contract for that service.
b. The Servicing agent may be responsible for loan packaging, closing, documentation, loan portfolio management, collection and reporting, and other duties as required under the loan servicing agreement.
c. It will remain the responsibility of the Council to monitor the performance of the portfolio through frequent meetings with the Servicing agent.
085-1 Wyo. Code R. § 1-8