Nebraska § 58-247 Authority; housing projects; powers

Nebraska Statutes

§ 58-247 — Authority; housing projects; powers

Nebraska·Ch. 58 Money and Financing

Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding housing projects as defined in subdivision (1) of section 58-219 , the authority may:

(1)Require that the mortgage or mortgage loan involved be insured by a mortgage insurer;

(2)Require any type of security that it deems reasonable and necessary; or

(3)Authorize the reservation of funds by mortgage lenders in such amount and subject to such conditions as the authority considers reasonable and necessary under the act.

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Prior to exercising any of the powers conferred by the Nebraska Investment Finance Authority Act regarding housing projects as defined in subdivision (1) of section 58-219 , the authority may:
(1) Require that the mortgage or mortgage loan involved be insured by a mortgage insurer;
(2) Require any type of security that it deems reasonable and necessary; or
(3) Authorize the reservation of funds by mortgage lenders in such amount and subject to such conditions as the authority considers reasonable and necessary under the act.

Nebraska § 58-247 (Authority; housing projects; powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.