[§201G-242] Housing loan programs; authorization. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) The corporation may establish under this subpart one or more eligible loan programs.

(b) The corporation may invest in, make, purchase, take assignments of, or otherwise acquire or make commitments to invest in, make, purchase, take assignments of, or otherwise acquire any eligible loans or any partial interest or participation therein held by or on behalf of the corporation.

(c) The corporation may sell, assign, or otherwise dispose of or enter into commitments to sell, assign, or otherwise dispose of any eligible loans or any partial interest or participation therein held by or on behalf of the corporation.

(d) The corporation may acquire any obligation under conditions which require the seller of such obligation to use the proceeds of the sale for the purpose of financing eligible loans. [L 1997, c 350, pt of §2]

§201G-242 Housing loan programs; authorization. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) The administration may establish under this subpart one or more eligible loan programs.

(b) The administration may invest in, make, purchase, take assignments of, or otherwise acquire or make commitments to invest in, make, purchase, take assignments of, or otherwise acquire any eligible loans or any partial interest or participation therein held by or on behalf of the administration.

(c) The administration may sell, assign, or otherwise dispose of or enter into commitments to sell, assign, or otherwise dispose of any eligible loans or any partial interest or participation therein held by or on behalf of the administration.

(d) The administration may acquire any obligation under conditions which require the seller of such obligation to use the proceeds of the sale for the purpose of financing eligible loans. [L 1997, c 350, pt of §2; am L 2005, c 196, §26(a)]