§201H-142 - Housing loan programs; authorization.

[§201H-142]  Housing loan programs;authorization.  (a)  The corporation may establish under this subpart oneor more eligible loan programs.

(b)  The corporation may invest in, make,purchase, take assignments of, or otherwise acquire or make commitments toinvest in, make, purchase, take assignments of, or otherwise acquire anyeligible loans or any partial interest or participation therein held by or onbehalf of the corporation.

(c)  The corporation may sell, assign, orotherwise dispose of or enter into commitments to sell, assign, or otherwisedispose of any eligible loans or any partial interest or participation thereinheld by or on behalf of the corporation.

(d)  The corporation may acquire any obligationunder conditions which require the seller of the obligation to use the proceedsof the sale for the purpose of financing eligible loans. [L 2006, c 180, pt of§4]