[§201G-126] Co-mortgagor. [Section effective until June 30, 2006. For section effective July 1, 2006, see below.] For purposes of qualifying for a mortgage loan to finance the purchase of a dwelling unit under this subpart, a "qualified resident" as defined in section 201G-112 may be assisted by a co-mortgagor who is a family member as defined by the corporation, who may own other lands in fee simple or leasehold suitable for dwelling purposes, whose interest in the dwelling unit to be purchased is limited to no more than one per cent, and who certifies that the co-mortgagor does not intend to reside in the dwelling unit. The income and assets of the co-mortgagor shall not be counted in determining the eligibility of the "qualified resident" under this chapter. [L 1997, c 350, pt of §2]

§201G-126 Co-mortgagor. [Section effective July 1, 2006. For section effective until June 30, 2006, see above.] For purposes of qualifying for a mortgage loan to finance the purchase of a dwelling unit under this subpart, a "qualified resident" as defined in section 201G-112 may be assisted by a co-mortgagor who is a family member as defined by the administration, who may own other lands in fee simple or leasehold suitable for dwelling purposes, whose interest in the dwelling unit to be purchased is limited to no more than one per cent, and who certifies that the co-mortgagor does not intend to reside in the dwelling unit. The income and assets of the co-mortgagor shall not be counted in determining the eligibility of the "qualified resident" under this chapter. [L 1997, c 350, pt of §2; am L 2005, c 196, §26(a)]