§ 43.63A.610. Emergency mortgage assistance -- Guidelines
Emergency mortgage assistance shall be provided under the following general guidelines:
(1) Loans provided under the program shall not exceed an amount equal to twenty-four months of mortgage payments.
(2) The maximum loan amount allowed under the program shall not exceed twenty thousand dollars.
(3) Loans shall be made to applicants who meet specific income guidelines established by the department.
(4) Loan payments shall be made directly to the mortgage lender.
(5) Loans shall be granted on a first-come, first-served basis.
(6) Repayment of loans provided under the program shall be made to eligible local organizations, and must not take more than twenty years. Funds repaid to the program shall be used as grants or loans under the provisions of RCW *43.63A.600 through 43.63A.640.
[1994 c 114 § 2; 1991 c 315 § 24.]
Notes:
*Reviser's note: RCW 43.63A.600 was repealed by 1995 c 226 § 35, effective June 30, 2001.
Effective date -- 1994 c 114: "This act shall take effect July 1, 1994." [1994 c 114 § 6.]
Intent -- 1991 c 315: See note following RCW 28B.50.030.
Severability -- Conflict with federal requirements -- Effective date -- 1991 c 315: See RCW 50.70.900 through 50.70.902.
Sections: Previous 43.63A.480 43.63A.485 43.63A.490 43.63A.500 43.63A.505 43.63A.510 43.63A.550 43.63A.610 43.63A.620 43.63A.630 43.63A.640 43.63A.645 43.63A.650 43.63A.660 43.63A.670 Next
Last modified: April 7, 2009