[§201H-110]  Loans; default.  The
corporation may renegotiate, refinance, or foreclose any loan in default.



The corporation may waive any default or
consent to the modification of the terms of any loan or security agreement.



The corporation may commence any action to
protect or enforce any right conferred upon it by any law, mortgage, insurance
policy, contract, or other agreement.



The corporation may bid for and purchase the
property secured by the loan at any foreclosure or other sale, or acquire or take
possession of the property secured by the loan.



The corporation may operate, manage, lease,
dispose of, or otherwise deal with the property secured by the loan. [L 2006, c
180, pt of §4]