§201H-110  Loans; default.  The corporation may:

     (1)  Renegotiate, refinance, or foreclose any loan in default;

     (2)  Waive any default or consent to the modification of the terms of any loan or security agreement;

     (3)  Commence any action to protect or enforce any right conferred upon it by any law, mortgage, insurance policy, contract, or other agreement;

     (4)  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; and

     (5)  Operate, manage, lease, dispose of, or otherwise deal with the property secured by the loan. [L 2006, c 180, pt of §4; am L 2017, c 12, §11]