NAC319.816. Acceptance of application to sell loans.

Latest version.

1. The Administrator will specify in each notice of acceptance the aggregate balance of the principal of the loans which the Division agrees to purchase from a lending institution.

2. If the Administrator accepts an application, the lending institution must sell loans to the Division in accordance with the terms of the application and the agreement with the Division to originate loans.

(Added to NAC by Housing Division, eff. 12-16-82)

                    
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