58-247. Authority; housing projects; powers.
85 words·~1 min read·
/ne/chapter-58/58-247A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.