Section 665. Assistance by department of housing preservation and development  


Latest version.
  • The commissioner of housing  preservation  and  development
      and  the  department  of housing preservation and development are hereby
      designated to act for and in behalf  of  the  corporation  in  servicing
      mortgage  loans of the corporation, and shall perform such functions and
      services in connection with the making, servicing and collection of such
      loans as shall be requested by the corporation.  The  corporation  shall
      pay  to  the department of housing preservation and development from any
      moneys of the corporation available for such purposes  such  amounts  as
      are  necessary  to  reimburse the department of housing preservation and
      development for the reasonable cost of the  services  performed  by  the
      commissioner   of  housing  preservation  and  development  and  by  the
      department of housing preservation  and  development  pursuant  to  this
      section.