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§31-18B-1. Legislative Intent - The Legislature finds and declares that: (1) The vast majority...
§31-18B-2. Establishment of State Mortgage and Industrial Development Investment Pool; Investment of Workers' Compensation Funds and Other Funds in Such Pool; Schedule of Moneys Invested; Authority of State Board of Investments to Invest Funds From t... - (a) There is hereby created and established a "state mortgage...
§31-18B-3. Housing Development Fund to Make Available State Mortgage and Industrial Development Investment Pool Funds for Mortgages on Single-Family Residential Units; Limitations Upon Type and Size of Such Mortgages - (a) The Housing Development Fund shall make available at the...
§31-18B-4. West Virginia Economic Development Authority to Make Available State Mortgage and Industrial Development Investment Pool Funds for Investment in Industrial Development; Amount of Funds Available; Interest Rate Specified - (a) The West Virginia economic development authority may use for...
§31-18B-5. Reversion to State Board of Investments of Money Not Used for Mortgages - Should the Housing Development Fund or its agents fail to...
§31-18B-6. Interest Rate Charged by Housing Development Fund; Other Charges; Points - (a) The interest charged for mortgage loans obtained according to...
§31-18B-7. Term of Mortgage Loans; Renegotiation After Ten Years; Promulgation of Legislative Rules - (a) The term of the loans made pursuant to the...
§31-18B-8. Persons Eligible for Loans From the State Mortgage and Industrial Development Investment Pool; Housing Development Fund to Have Sole Discretion in Determining Who Is to Receive Loans; Discrimination Prohibited - (a) Any person is entitled to receive a first mortgage...
§31-18B-9. Housing Development Fund May Contract With Private Institutions to Place and Service Loans or May Itself Provide Such Servicing; Increasing Interest Rate and Payment of a Portion of Interest to Cover Cost of Servicing - (a) The Housing Development Fund may contract with private mortgage...
§31-18B-10. Disposition of Interest Income and Repayments of Principal - (a) The interest received from mortgage payments made pursuant to...
§31-18B-11. Procedural Rules Required - The Housing Development Fund may promulgate procedural rules pursuant to...
§31-18B-12. Rules of Construction and Interpretation for Prompt Implementation of This Article - It is the intent of the Legislature that the Housing...