New Mexico Statutes 6-20-8. Confirmation of issuance of private activity bonds and mortgage credit certificate election
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Within seven business days after an issuing authority issues any private activity bonds or makes a mortgage credit certificate election, the issuing authority or, in the case of a project, bond counsel for the issuing authority or the user, shall advise the board by letter of the date the bonds were issued and the total aggregate amount of the issue or, in the case of a mortgage credit certificate election, the date and the amount of the election.
Terms Used In New Mexico Statutes 6-20-8
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.