1336.76—Unallowable loan activities.
The following activities are among those activities not eligible for support under the revolving loan fund:
(a)
Loans to the Loan Administrator or any representative or delegate of the Loan Administrator ( section 803A(b)(5) );
(b)
Loans which would create a potential conflict-of-interest for any officer or employee of the Loan Administrator; loan activities which directly benefit these individuals, or persons related to them by marriage, or law.