The Authority may issue or provide for the issuance of trust certificates or other obligations secured by or representing ownership in residential mortgages, may transfer residential mortgages to trusts to facilitate the issuance of such certificates or other obligations and may enter into trust agreements with respect to and providing for the securing of those certificates or other obligations.
20 ILCS 3805/7.24d
Known as the Illinois Housing Development Act
The act spans §§ 20-3805-1 to 20-3805-9 (82 sections).
P.A. 83-1251.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.