(1) During such period as the State Government may, by general or special order notify in the Official Gazette, it shall be competent for the Collector, on application being made to him in this behalf by a Land Development Bank, to recover all sums due to the Land Development Bank (including the cost of such recovery).
(2) Any amount due to a Land Development Bank shall be recoverable by the Collector, or any officer specially authorised by the Collector in this behalf, in all or any of the following modes, namely :-
(a) from the borrower, as if they were arrears of land revenue due by him;
(b) out of the land for the benefit of which the loan has been granted as if they were arrears of land revenue due in respect of that land;
(c) from a surety, if any, as if they were arrears of land revenue due by him; and
(d) out of the property comprised in the collateral security, if any, according to the procedure for the realisation of land revenue by the sale of land on which the revenue is due