SECTION 330:10-7-3. Blocking out

  Participants may, prior to or after submission of offers to participate, enter into formal or informal arrangements with realtors, builders and/or developers for commitment of mortgage loans to ultimate purchasers of qualified residences. Provided, such commitment of mortgage loan funds by any participant may not exceed 25% of that participants total allocation, and such blocking out may not be for a period to exceed 7 months. After such time the blocked out funds shall be subject to recall and reallocation by the Agency.