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§ 1680.408c. Homeowner's emergency mortgage assistance fund

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 35 P.S. Health and Safety

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 35 P.S. Health and Safety (Refs & Annos)
Chapter 18. Housing (Refs & Annos)
Housing Finance Agency Law (Refs & Annos)
Article IV-C. Homeowner's Emergency Assistance
35 P.S. § 1680.408c
§ 1680.408c. Homeowner's emergency mortgage assistance fund
The Homeowner's Emergency Mortgage Assistance Fund is hereby created as a separate account within the agency for the sole purpose of implementing the provisions of this article. No other agency funds, moneys or interest earnings shall be utilized for the purposes of this article. Investment and interest earnings on moneys from this fund may be used by the agency for the administrative costs of the program. The Homeowner's Emergency Mortgage Assistance Fund shall operate as a revolving loan fund to which shall be credited all repayment of principal and interest by mortgagors to the agency to repay loans provided by the agency pursuant to this article as well as grants or donations from other sources and any funds that may be appropriated by the General Assembly.

Credits

1959, Dec. 3, P.L. 1688, No. 621, art. IV-C, § 408-C, added 1983, Dec. 23, P.L. 385, No. 91, § 2, imd. effective. Amended 1998, Dec. 21, P.L. 1258, No. 160, § 4, effective in 60 days.
35 P.S. § 1680.408c, PA ST 35 P.S. § 1680.408c
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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