- A. An insured mortgage loan, or part thereof, shall not be made or disbursed to an applicant until such time as the applicant is an eligible applicant.
- B. An eligible applicant is an applicant satisfying the criteria established by and in accordance with the Act and these rules and regulations for eligibility to participate in a housing program of the agency.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.1 et seq.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of Urban and Community Affairs, Housing Finance Agency, LR 7:196 (April 1981).