Amortization: Paying off a loan by regular installments.
(1) make loans to a business directly involved in the tourist industry;(2) designate agents and delegate powers to them as is necessary;(3) adopt regulations necessary to carry out its functions, including regulations to establish reasonable fees for services provided and charges for collecting the fees;(4) establish amortization plans for the repayment of loans not to exceed 20 years;(5) collect the fees and collection charges established under this subsection.(b)[Repealed, Sec. 84 ch 58 SLA 1999].
