IC 5-1.2-9-24: Lender certifications

Sec. 24. Before exercising any of the powers authorized in section 23 of this chapter, the authority shall require the lender to certify and agree that:

(1) the loan is, or, if the loan has not been made, will be, at the time of making, in all respects a prudent investment; and

(2) the lender will make the loan and sell the loan to the authority within a reasonable period of time.