ยง516-125 - Acquisition loan programs; evidence of eligible loan.
ยง516-125ย Acquisition loan programs;
evidence of eligible loan.ย (a)ย Each mortgage lender who participates in
any acquisition loan program shall submit evidence, as deemed satisfactory by
the corporation, that eligible loans have been made from the proceeds of the
revenue bonds.
(b)ย The corporation may inspect the books and
records of the mortgage lenders as may be necessary for this section. [L 1983,
c 270, pt of ยง1; am L 1987, c 337, ยง16; am L 1988, c 104, ยง2; am L 2005, c 196,
ยง26(b); am L 2006, c 180, ยง16]