Neb. Rev. Stat. §§ 58-247

Current with changes through the 2024 First Special Legislative Session

Section 58-247 - Authority; housing projects; powers

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.

Neb. Rev. Stat. §§ 58-247

Laws 1983, LB 626, § 47; Laws 1991, LB 253, § 48.