1.If an individual borrower who is not involved in investing or purchasing real estate or house
construction renews a land loan after December 31, 2010 for personal expenses or financial
management and the loan-to-value ratio exceeds 65 percent of the original appraised value,
such loan may be given an adjustment period up to one year (to become compliant with the 65
percent requirement) starting from the date of loan renewal. However, if the borrower is
unable to repay the loan to meet the 65 percent requirement when the adjustment period
expires, the lender may negotiate with the borrower on the repayment of the excess portion in
installment over a period of not longer than three years and shall include the agreement in
the renewal loan contract.