(e) If the Mayor, or the CFO pursuant to § 47-351.02(c) , approves a linked deposit application, the Mayor, or the CFO pursuant to § 47-351.02(c) , and the insured financial institution shall enter into an agreement that includes each of the following terms and conditions and any others the Mayor, or the CFO pursuant to § 47-351.02(c) , may require:
(1) A requirement that the insured institution shall not assign or sell a loan made with the proceeds of a linked deposit without approval of the Mayor, or the CFO pursuant to § 47-351.02(c) , as long as the linked deposit is in effect;
(2) A requirement that a delay in payment or default by a borrower receiving a linked deposit loan does not affect the agreement between the insured financial institution and the Mayor, or the CFO pursuant to § 47-351.02(c) ;
(3) The terms of the deposit;
(4) A requirement that the Mayor, or the CFO pursuant to § 47-351.02(c) , shall monitor compliance with the agreement; and
(5) The terms of the community development loans lending effort.
