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Code · Wisconsin · Chapter 238 — Wisconsin economic development corporation

238.124 Loan limitations.

63 words·~1 min read·/wi/chapter-238/238-124

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238.124 Loan limitations.
(1)The corporation may not originate any loan that is forgivable in whole or in part upon the loan recipient’s achievement of one or more conditions or goals.
(2)Each new lending program the corporation implements or administers shall adhere as closely as practicable to commonly accepted commercial lending practices. The corporation shall adopt policies and procedures implementing this subsection.
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