The Corporation will, in its discretion, purchase VA, FHA, HUD and RD guaranteed or insured loans in the rural loan program, provided that:

1. (a) the loan amounts, terms, and downpayment are consistent with loans acceptable to FNMA, and
2. (b) the interest rate is the rate established for the Rural Owner Occupied Loan Program, as published by the Corporation from time to time in writing to financial institutions in Alaska.

(Eff. 5/7/93, Register 130; am 1/20/95, Register 133; am 6/11/96, Register 139; am 5/3/2001, Register 159)

Authority: AS 18.56.088, AS 18.56.600