SECTION 330:15-7-7. Servicing of program loans

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Participating lenders, as applicable, shall service mortgage loans in accordance with then current loan servicing requirements of either FHLMC, FNMA, FHA, GNMA or VA, as the case may be. Additional servicing requirements may be in such form as the Trustees may determine to be required by market conditions prevalent at the time the program is being developed and as may be determined by the Trustees in their discretion at the time of finalization of the program in question.

                    
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