Statutes, codes, and regulations
New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRSChapter 80 - NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY
Subchapter 13 - MAKING OR PURCHASING ELIGIBLE LOANS FOR SINGLE FAMILY MORTGAGES
Section 5:80-13.9 - Purchase of Agency bonds

N.J. Admin. Code § 5:80-13.9

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Current through Register Vol. 56, No. 21, November 4, 2024
Section 5:80-13.9 - Purchase of Agency bonds

No mortgage seller (including any related person thereof, as defined in Section 103(b)(6)(C) of the Internal Revenue Code) shall, pursuant to any arrangement, formal or informal, purchase the bonds of the Agency in an amount related to the amount of the mortgage loans to be purchased from such mortgage seller (or related person, as aforesaid) by the Agency.

N.J. Admin. Code § 5:80-13.9