16.73 - RULES.
16.73 RULES.
The authority may adopt rules pursuant to chapter 17A relating to
the purchase and sale of residential mortgage loans and the sale of
mortgage-backed securities. The rules may provide for the following:
1. Procedures for the submission by mortgage lenders to the
authority of offers to sell mortgage loans.
2. Standards for allocating bond proceeds among mortgage lenders
offering to sell mortgage loans to the authority.
3. Standards for determining the aggregate principal amount of
mortgage loans to be purchased from each mortgage lender and the
purchase price.
4. Schedules of fees and charges to be imposed by the authority.
5. Procedures for issuing mortgage-backed securities. Section History: Recent Form
83 Acts, ch 124, § 9
CS83, § 220.73
C93, § 16.73
2007 Acts, ch 54, §26