NAC319.5635. “Deferred loan program for down payments or closing costs” defined.  


Latest version.
  • “Deferred loan program for down payments or closing costs” means each program administered by the Division for which the Division uses money received from the United States Department of Housing and Urban Development pursuant to the HOME Investment Partnerships Act, 42 U.S.C. §§ 12701 et seq., to finance deferred mortgage loans.

     (Added to NAC by Housing Div. by R136-03, eff. 11-26-2003)