Section 206E-123 - Loans; defaultThe authority may:
(1) Renegotiate, refinance, or foreclose any loan in default;(2) Waive any default or consent to the modification of the terms of any loan or security agreement;(3) Commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement;(4) Bid for and purchase the property secured by the loan at any foreclosure or other sale or acquire or take possession of the property secured by the loan; and(5) Operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan.Amended by L 2018, c 18,§ 8, eff. 6/4/2018.