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.
History: 75-25-102, MCA; IMP, 75-25-102, MCA; NEW, 2007 MAR p. 34, Eff. 12/22/06.