ARM 17.85.104. PROGRAM ADMINISTRATION

(1) The department may enter into a contract with, and compensate, a third party to perform any of the duties necessary to fulfill the purposes of this subchapter including, but not limited to: (a) technically review, evaluate, and approve applications; (b) execute loan agreements; (c) secure and service loans; (d) collect loan payments; and (e) conduct collections for defaulted loans. (2) The department, or a third party performing services under a contract entered into pursuant to this rule, may charge an applicant or borrower usual and customary fees including, but not limited to: (a) application fees; (b) loan origination fees; (c) delinquency fees; and (d) costs of collection.