Chairman and Vice Chairman; meetings; quorum; subcommittees.
1. The members of the Advisory Council on Mortgage Investments and Mortgage Lending shall elect a Chairman and a Vice Chairman from among their membership. The Vice Chairman shall perform the duties of the Chairman during any absence of the Chairman.
2. The Advisory Council may meet at least once each calendar quarter and at other times on the call of the Chairman or a majority of its members.
3. The meetings of the Advisory Council may be held at any location designated by the Chairman or a majority of its members.
4. A majority of the members of the Advisory Council constitutes a quorum for the transaction of all business.
5. The Chairman may appoint subcommittees of the members of the Advisory Council to consider specific problems relating to mortgage investments or mortgage lending.
Last modified: February 27, 2006