Iowa Administrative Code
Agency 265 - Iowa Finance Authority
Chapter 45 - Manufactured Housing Program Fund
Rule 265-45.2 - Definitions

Universal Citation: IA Admin Code 265-45.2
Current through Register Vol. 47, No. 6, September 18, 2024

"Authority" means the Iowa finance authority.

"Borrower " means one or more individuals borrowing or seeking to borrow money for the purchase of a manufactured home.

"Financial institution " means a financial institution as defined in Iowa Code section 12C. 1 that has been approved as a depository of public funds pursuant to Iowa Code section 12C.2.

"Fund" means the manufactured housing program fund created pursuant to Iowa Code section 16.45.

"Interlender loan " means the lending of funds by a financial institution to a lender, which funds are, in turn, to be loaned by the lender to a borrower to finance the purchase of a manufactured home.

"Lender" means a lender as defined in Iowa Code section 537.1301 that is licensed by the banking division of the department of commerce and that has not been approved as a depository of public funds pursuant to Iowa Code section 12C.2.

"Manufactured home " or"manufactured housing " means the same as defined in Iowa Code section 435.1.

"Mortgage loan " means a loan from a financial institution or lender to a borrower to finance the purchase of a manufactured home.

"Program " means the manufactured housing program.

"Revolvingfunds" means the funds created by Iowa Code sections 16.46 through 16.49.

Disclaimer: These regulations may not be the most recent version. Iowa may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.