PENNSYLVANIA, January 31 - (1) The name and address of the commercial lending

institution and the name and title of the individual who will

serve as the point of contact for the commercial lending

institution.

(2) A statement defining the service area of the

commercial lending institution.

(3) A statement describing the commercial lending

activities engaged in by the commercial lending institution

and how the commercial lending institution intends to expand

the activities as a result of its participation in the

program authorized by this section.

(4) Any other information required by the board.

(c) Enrollment approval.--Upon being satisfied that all

requirements have been met, the board may enroll the commercial

lending institution in the program authorized under this section

and, if enrolled, the authority shall execute a master guarantee

agreement in favor of the commercial lending institution. In

addition to any other terms and conditions required by the

board, the master guarantee agreement shall provide for the

following:

(1) The procedure for the submission of a claim for

payment by the commercial lending institution. The procedure

shall require that the commercial lending institution

demonstrate that it has exhausted all available remedies

against the borrower, other guarantors and collateral for the

loan before seeking payment under the agreement.

(2) A requirement that a percentage of any money

recovered by the commercial lending institution subsequent to

any payment made under the master guarantee agreement by the

authority be remitted to the authority.

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