§4901. Purchase and sale of mortgage loans
An authority may purchase or make commitments to purchase mortgage loans from any financial institution, pension or retirement fund, any fiduciary or any other person or governmental or business entity. An authority may also sell or make commitments to sell mortgage loans to any pension or retirement fund, any fiduciary or any other person, governmental or business entity or financial institution. An authority may exercise all rights and powers of a holder of any such mortgage loan. [PL 1987, c. 737, Pt. A, §2 (NEW); PL 1987, c. 737, Pt. C, §106 (NEW); PL 1989, c. 6 (AMD); PL 1989, c. 9, §2 (AMD); PL 1989, c. 104, Pt. C, §§8, 10 (AMD).]
SECTION HISTORY
PL 1987, c. 737, §§A2,C106 (NEW). PL 1989, c. 6 (AMD). PL 1989, c. 9, §2 (AMD). PL 1989, c. 104, §§C8,10 (AMD).
Structure Maine Revised Statutes
TITLE 30-A: MUNICIPALITIES AND COUNTIES
Chapter 201: HOUSING AUTHORITY
30-A §4901. Purchase and sale of mortgage loans
30-A §4902. Lenders certification
30-A §4903. Authority not obligated
30-A §4904. Consideration for mortgage loans purchased
30-A §4905. Bonds; use of proceeds
30-A §4906. Application of receipts; special reserve fund
30-A §4908. Determination of outstanding obligations
30-A §4909. Mortgages eligible for investment
30-A §4911. Operating expenses