Purchase of mortgages from mortgage lenders

The authority may invest in, purchase or make commitments to purchase, and take assignments from mortgage lenders, of notes and mortgages evidencing loans for the construction, rehabilitation, purchase, leasing, or refinancing of housing in this state. Source: SL 1973, ch 180 , § 17 (1); SDCL Supp, § 28-19-104; SL 1983, ch 106 , § 4S; SL 2012, ch 78 , § 74.