[§201H-92]  Owner-occupancy requirement. (a)  An eligible borrower shall use the dwelling unit purchased under thissubpart as the eligible borrower's permanent and primary residence.

(b)  From time to time, the corporation maysubmit a verification of owner-occupancy form to the eligible borrower. Failure to respond to this verification in a timely manner may result in animmediate escalation of the interest rate or acceleration of the eligible loan.

(c)  For eligible borrowers in the process ofselling or transferring title to their property, the corporation may grant awaiver of subsection (a) for a period not to exceed three years and for reasonsset forth in section 201H-49 on a case-by-case basis. [L 2006, c 180, pt of §4]