as introduced - 82nd Legislature (2001 - 2002) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to housing; prohibiting the housing finance 1.3 agency from excluding small-volume lenders from loan 1.4 programs; amending Minnesota Statutes 2000, section 1.5 462A.05, by adding a subdivision. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 2000, section 462A.05, is 1.8 amended by adding a subdivision to read: 1.9 Subd. 8a. [PARTICIPATING LENDERS.] It may not preclude an 1.10 otherwise qualified banking institution, savings association, or 1.11 other lender from participating in the agency's first-time 1.12 homebuyer and home improvement loan programs based upon the 1.13 number of loans processed or expected to be processed by the 1.14 lender.