A loan may be made to any eligible applicant for the purposes of:

1. (1) Financing a home constructed for use as the personal or family permanent residence of the applicant. (2)Purchasing an existing building to be used as the personal or family permanent residence of the applicant.

Authority: T.C.A. §13—23—115 (18). Administrative History: Original rule filed July 24, 1974; effective August 23, 1974.