SECTION 330:15-3-11. Program loan origination periods  


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  •   Each program shall specify by dates, time period, or formula, the period of time during which program funds may be used or loans may be originated under the program in question. The actual period of time for the use of program funds or the origination of mortgages under each program shall be set as the Trustees may determine to be necessary under the market conditions prevalent at the time the program is being developed and as may be determined by the Trustees at the discretion of the Trustees at time of finalization of the program.