[§201H-143]  Housing loan programs;procedures and requirements.  (a)  The corporation may establish proceduresand requirements for:

(1)  The purchase of loans from mortgage lenders byauction, invitation of tender, advance commitment, or other negotiation;

(2)  The making of loans through mortgage lenders toeligible borrowers or qualified sponsors;

(3)  The allocation to mortgage lenders of money madeavailable under this subpart; and

(4)  The participation by mortgage lenders asoriginators and processors of loans on behalf of the corporation under thissubpart.

(b)  The corporation may adopt rules underchapter 91 necessary or convenient for the operation of the housing loanprograms established under this subpart. [L 2006, c 180, pt of §4]