§516-182 - Restrictions on sale and use of residential lots acquired from proceeds of eligible loan.
§516-182 Restrictions on sale and use of residential lots acquired from proceeds of eligible loan. No interest in property acquired from the proceeds of an eligible loan made under this part, so long as any part of such eligible loan is outstanding, shall be transferred unless contemporaneously with such transfer all interest in onsite improvements situated on such property are transferred to the same transferee. [L 1983, c 270, pt of §1]