<?xml version='1.0' encoding='utf-8'?>
<section article="ghs" article_name="Housing and Community Development" number="4-241" title_number="4" title_name="Division of Development Finance" subtitle_number="2" subtitle_name="Community Development Administration">
  <text>Except as required to qualify for insurance or guaranty by the federal government, a residential mortgage loan may not be assigned to or assumed by a person not qualified under the appropriate Administration program if the residential mortgage loan is:</text>
  <level label="1">
    <text>a new loan that the Administration purchases or in which the Administration purchases an interest;</text>
  </level>
  <level label="2">
    <text>a loan made with the proceeds of purchase by the Administration of a residential mortgage; or</text>
  </level>
  <level label="3">
    <text>a loan made with the proceeds of a loan from the Administration to a mortgage lender.</text>
  </level>
</section>
