Sec. 34.04.02.11. Program Administration

A. Except for waivers, any action or decision required or permitted to be taken or made by the Trust under these regulations may be taken or made by the Director of the Trust, or his designee.

B. The Trust may terminate a loan or refuse to make additional disbursements under the loan documents if it finds that the borrower is not complying with any of the requirements of the Program or the loan documents.

C. The Trust may establish from time to time operational handbooks or manuals governing matters relating to the Program including descriptive statements of Program procedures which do not directly affect the rights of the public or the procedures available to the public.

D. The Trust may enter into servicing agreements with mortgage lenders or other loan services acceptable to the Trust.