| | | The authority may issue or cause to be issued certificates or | | other instruments evidencing the holder's fractional interest in | a pool of mortgage loans, which interest may be undivided or | | limited to one or more specific loans. Whether or not the | | certificates or instruments are of such form or character as to | be negotiable instruments under Title 11, article 8 3-A, the | | certificates or instruments are negotiable instruments within the | meaning of and for all the purposes of Title 11, article 8 3-A, | | subject only to such registration requirements as the authority | | may establish. |
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| | | In connection with the exercise of the powers authorized in this | | subsection and those powers otherwise granted to the authority, | | the authority may create and operate a secondary market and | warehousing facility or facilities for mortgage loans or the | insured portion of mortgage loans that provide liquidity to | lenders making mortgage loans; |
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| | | Sec. 17. 10 MRSA §975-A, sub-§1, ķA, as enacted by PL 1985, c. 344, | | §25, is amended to read: |
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| | | A. After filing of a written application or proposal for | | financial assistance or property transfer, in form specified | | by or acceptable to the authority: |
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| | | (1) Names of recipients of or applicants for financial | | assistance, including principals, where applicable; |
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| | | (2) Amounts, types and general terms of financial | | assistance provided to those recipients or requested by | | those applicants; |
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| | | (3) Descriptions of projects and businesses benefiting or | | to benefit from the financial assistance; |
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| | | (4) Names of transferors or transferees, including | | principals, of property to or from the authority, the | | general terms of transfer and the purposes for which | | transferred property will be used; |
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| | | (5) Number of jobs and the amount of tax revenues | | projected or resulting in connection with a project; |
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| | (6) Upon the authority's satisfaction of its mortgage loan | insurance liability, the amount of any mortgage loan | insurance payments with respect to a mortgage loan | | insurance contract; and |
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