SB497-SA1,1,3
21. Page 1, line 8: after "programs" insert ", interest rates for residential loans
3involving the Wisconsin Housing and Economic Development Authority,".
SB497-SA1,1,96
234.18
(1) The authority shall not have outstanding at any one time notes and
7bonds for any of its corporate purposes in an aggregate principal amount exceeding
8$325,000,000 $475,000,000, excluding bonds and notes issued to refund outstanding
9notes and bonds.".
SB497-SA1,2,3
12234.37 Prohibition on interest rate determination. For any residential
13loan under this subchapter for which the authority determines, participates in
1determining, or approves an interest rate, the authority may not base its action or
2decision concerning the interest rate on the occupation of the loan applicant or
3recipient.".
SB497-SA1,2,117
234.59
(3) (a) The amount of a homeownership mortgage loan may not exceed
8the
lesser of 97% of the purchase price
or 97% of
the eligible property, except that,
9if an appraisal of the eligible property is available and the appraised value is lower
10than the purchase price, the amount of the loan may not exceed the appraised value
11of the eligible property.".
SB497-SA1,2,16
15"
(3) The treatment of section 234.37 of the statutes first applies to loans for
16which application is made on the effective date of this subsection.".
