Nevada Administrative Code
Chapter 319 - Assistance to Finance Housing
LOANS FOR MULTIPLE-UNIT HOUSING AND SITES FOR MOBILE HOMES
Section 319.750 - Yield on loans
Universal Citation: NV Admin Code 319.750
Current through February 27, 2024
1. Mortgage loans sold to the Division must bear interest at rates and be sold to the Division at prices which in the aggregate produce a yield to the Division sufficient to:
(a) Pay interest on the principal of the related issue of the Division's bonds or other obligations;
(b) Provide adequate reserves for the holders of the Division's bonds or other obligations whenever necessary;
(c) Cover the operating costs of the Division; and
(d) Meet or exceed the minimum yield required by the general certificate or trust indenture governing the series of bonds.
2. The yield on the mortgage loans must not exceed the maximum permitted by application of 26 U.S.C. §§ 141 to 149, inclusive, and applicable regulations of the United States Treasury Department.
Housing Division, Loans for Multifamily Homes Reg. § 11, eff. 7-23-80-NAC A 4-13-88
NRS 319.140
Disclaimer: These regulations may not be the most recent version. Nevada 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.
