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Indiana Code Title 5. State and Local Administration § 5-1.2-9-24

Current as of January 01, 2026 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-1.2-9-24 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-1-2-9-24/

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