Rules, Regulations and Restrictions

The Corporation shall establish such requirements with regard to lease-to-own contracts, lease-to-own residence, the qualifications of Tenant-Purchaser and the Corporation’s participation in any lease-to-own program, as may be deemed appropriate by the Corporation to achieve the objectives of this Act. The Corporation’s requirements, including, but not limited to income limit applicable to the Tenant-Purchaser and the purchase price of the residence, must be satisfied at or before the time the mortgage loan is purchased, and the Tenant-Purchaser must be deemed qualified by the Corporation at that time.