ARM 17.84.131. LOAN CONDITIONS

(1) No loan will be made under the Act and these rules to refinance existing debt previously incurred by the applicant. (2) The maximum term for loans is 10 years. (3) Loans made under the Act and these rules shall be used only for the purposes described in the loan application. (4) The department's participation in any loan made through a financial institution under the Act and these rules shall not exceed 90% of the principal loan amount.