35-707. Assumption of mortgage loans


Notwithstanding the provisions of any other law, a corporation may prohibit the
assumption of any single family mortgage loan purchased by it in accordance with the
provisions of section 35-706 and require prepayment of the loan if the person proposing
to assume the loan or the single family dwelling unit to which the loan relates fails to
meet such eligibility criteria relating to mortgagors or single family dwelling units,
respectively, as may be established by the corporation as the purchaser of such loan.