sch.21-sec.6Maximum loan amount

### sch.21-sec.6 Maximum loan amount The amount of loan assistance for an applicant under the scheme for an eligible disaster— is based on the authority’s assessment of the applicant’s financial position, including any amount recovered by the applicant under an insurance policy; and must not be more than the amount of the net loss to the applicant caused by the eligible disaster. However, the amount of a loan to an applicant under the scheme for an eligible disaster must not be more than $100,000. sch 21 s 6 ins 2012 SL No. 176 s 6 amd 2013 SL No. 19 s 6 ; 2014 SL No. 169 s 6 sub 2018 SL No. 172 s 28 (sch.21-sec.6-ssec.1) The amount of loan assistance for an applicant under the scheme for an eligible disaster— is based on the authority’s assessment of the applicant’s financial position, including any amount recovered by the applicant under an insurance policy; and must not be more than the amount of the net loss to the applicant caused by the eligible disaster. (sch.21-sec.6-ssec.2) However, the amount of a loan to an applicant under the scheme for an eligible disaster must not be more than $100,000. - (a) is based on the authority’s assessment of the applicant’s financial position, including any amount recovered by the applicant under an insurance policy; and - (b) must not be more than the amount of the net loss to the applicant caused by the eligible disaster.