| (a) Notwithstanding any provisions of this chapter to the contrary,
the board may, by resolution, provide for the purchase of notes, mortgages,
deeds of trust, or other liens from lending institutions. In any such resolutions,
the board shall, to the maximum extent possible, establish procedures and
requirements that are consistent with the prudent lending practices prevalent
in the mortgage lending industry.
(b) The board, may by resolution, establish a schedule of fees,
charges, and interest rates that may be charged by a lending institution in
connection with a loan that will be sold to the board.
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