N.H. Rev. Stat. § 204-C:9

Current through the 2024 Legislative Session

Section 204-C:9 - Rulemaking Authority

The authority may adopt rules pursuant to its own procedures relative to:

I.The conduct of its business;

II.The making, purchasing and sale of loans and mortgage loans under this chapter and the application of proceeds of any sale;

III.The making of loans to lending institutions;

IV.The regulation of mortgagors and eligible elderly and low income persons and families and eligible persons and families;

V.The selection and admission of tenants and other occupants;

VI.The selection of owners;

VII.The uses of housing;

VIII.The establishment of dependency and medical allowances;

IX.The definition of dwelling unit;

X.Lending institutions acting as agents of the authority for the purpose of accepting, reviewing and acting upon applications for mortgage loans and preparing, processing and servicing such loans;

XI.Reasonable fees to be paid to lending institutions for the services described in paragraph X;

XII.The making of loans to or purchasing of securities from lending institutions and the application of the proceeds of the loans, including, without limitation:

(a) The interest rate and terms of loans to be made to lending institutions;

(b) The time within which lending institutions must make commitments and disbursements for mortgages;

(c) The type and amount of collateral security to be pledged by lending institutions to assure repayment of loans from the agency;

(d) Standards as to the construction or rehabilitation for the housing to be financed;

(e) Procedures for the submission of requests or the invitation of proposals for loans to lending institutions;

(f) Certificates of compliance by the lending institution with the terms and conditions governing the making of loans and purchase of securities, and the application of the proceeds of such loans and securities;

(g) Schedules of fees and other charges to be made by the authority and the lending institution in renewing, acting upon, or accepting applications for loans under RSA 204-C:19, and any other matters related to such loans as the authority may deem necessary;

XIII.Such other matters as are necessary to carry out the powers and duties of the agency.

RSA 204-C:9

1981, 466:2, eff. July 1, 1981.