Section 45.98.050. Sale or transfer of mortgages and notes.

Latest version.

   (a) The commissioner of commerce, community, and economic development or a designee of the commissioner may sell or transfer at par value or at a premium or discount to any bank or other private purchaser for cash or other consideration the mortgages and notes held by the Department of Commerce, Community, and Economic Development as security for loans made under this chapter.
   (b)   [Repealed, Sec. 33 ch 141 SLA 1988].

Notes

History

(Sec. 3 ch 139 SLA 1977; am Sec. 33 ch 141 SLA 1988)

                    
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