N.J. Admin. Code § 5:80-14.8

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:80-14.8 - Purchase of Agency bonds

No mortgage seller (including any related person thereof, as defined in Section 103(b)(6)(C) of the Internal Revenue Code) shall, pursuant to any arrangement, formal or informal, purchase the bonds of the Agency in an amount related to the amount of the single family home improvement loans to be purchased from such mortgage seller (or related person, as aforesaid) by the Agency.

N.J. Admin. Code § 5:80-14.8