§1759. Loans
Any lender is authorized to make loans secured by shares in a cooperative affordable housing corporation, including limited equity cooperatives. For purposes of Title 9‑A, section 1‑202, subsection 8, a loan secured by shares of a cooperative affordable housing corporation must be considered a loan secured by a mortgage on real estate.
[RR 2025, c. 2, Pt. A, §94 (COR).]
SECTION HISTORY
PL 1993, c. 300, §1 (NEW). RR 2025, c. 2, Pt. A, §94 (COR).