§516-125 Acquisition loan programs; evidence of eligible loan. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] (a) Each mortgage lender who participates in any acquisition loan program shall submit evidence, as deemed satisfactory by the corporation, that eligible loans have been made from the proceeds of the revenue bonds.

(b) The corporation may inspect the books and records of the mortgage lenders as may be necessary for this section. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2]

§516-125 Acquisition loan programs; evidence of eligible loan. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] (a) Each mortgage lender who participates in any acquisition loan program shall submit evidence, as deemed satisfactory by the administration, that eligible loans have been made from the proceeds of the revenue bonds.

(b) The administration may inspect the books and records of the mortgage lenders as may be necessary for this section. [L 1983, c 270, pt of §1; am L 1987, c 337, §16; am L 1988, c 104, §2; am L 2005, c 196, §26(b)]