§364-2 Purchase, servicing, and sale of veterans mortgages. On and after July 1, 1954, the director of finance may purchase, service, and sell veterans mortgages. The director shall not pay for any veterans mortgage an amount in excess of that which is necessary to encourage the construction of veterans housing but not in excess of the unpaid principal balance plus accrued and unpaid interest at the date of the purchase or commitment contract for purchase. [L 1953, c 211, §2; am L 1955, c 7, §1; RL 1955, §350-2; am L 1957, c 97, §1; am L 1961, c 193, §§2 and 3(2); HRS §364-2]