New Hampshire Revised Statutes 204-C:17 – Purchase of Mortgage Loans and Loans
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Without limiting the generality of the powers granted under N.H. Rev. Stat. § 204-C:8, the authority may:
I. Invest in, purchase or make commitments to purchase, and take assignments from lending institutions of loans, whether or not secured by a mortgage, mortgage loans and promissory notes accompanying such loans or mortgage loans, including federally insured loans or mortgage loans or participations with lending institutions in such loans, promissory notes and mortgage loans, for the construction, rehabilitation, purchase, leasing or refinancing of housing within the state;
II. Sell, at public or private sale, with or without public bidding, any mortgage loan, loan or other obligation held by the authority; and
III. Adopt, modify or repeal rules governing the purchase and sale of loans and mortgage loans and the application of proceeds thereof.
I. Invest in, purchase or make commitments to purchase, and take assignments from lending institutions of loans, whether or not secured by a mortgage, mortgage loans and promissory notes accompanying such loans or mortgage loans, including federally insured loans or mortgage loans or participations with lending institutions in such loans, promissory notes and mortgage loans, for the construction, rehabilitation, purchase, leasing or refinancing of housing within the state;
Terms Used In New Hampshire Revised Statutes 204-C:17
- Authority: shall mean the New Hampshire housing finance authority. See New Hampshire Revised Statutes 204-C:1
- Housing: shall mean one or more new or existing dwelling units in the state financed pursuant to this chapter, including homes for persons with disabilities, mobile homes, prefabricated homes, any buildings, land, improvements, equipment, facilities or other real or personal properties which are deemed by the authority to be necessary, convenient, ancillary or desirable in connection with such dwelling units, and including, but not limited to, streets, sewers, utilities, parks, site preparation, off-site facilities, landscaping and other nonhousing facilities such as administrative, community, transportation, health, recreational, educational, commercial, retail, welfare and public facilities. See New Hampshire Revised Statutes 204-C:1
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage: shall mean a mortgage deed, deed of trust, or other instrument which shall constitute or create a security interest in tangible personal property constituting housing, or a lien on real property or on a leasehold under a lease having a remaining term, at any time such mortgage is acquired, which does not expire for at least that number of years beyond the maturity date of the obligation secured by such mortgage as is established by the authority as necessary to protect its interest as mortgagee. See New Hampshire Revised Statutes 204-C:1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
II. Sell, at public or private sale, with or without public bidding, any mortgage loan, loan or other obligation held by the authority; and
III. Adopt, modify or repeal rules governing the purchase and sale of loans and mortgage loans and the application of proceeds thereof.