Definitions

PURPOSE: This rule defines the terms used in this chapter. (1) As used in this chapter, all terms not otherwise defined herein shall have the meanings set forth in the state housing act and/or in 4 CSR 170-1.100. For purposes of this chapter, the following terms shall have the following meanings: (A) Approved mortgagor. Any individual or entity falling within the definition of approved mortgagor set forth in section 215.010(1), RSMo (as the same may be amended from time-to-time), and further meeting the qualifications set forth in this chapter; (B) Limited dividend corporation. Any corporation falling within the definition of limited dividend corporation set forth in section 215.010(6), RSMo (as the same may be amended from time-to-time), and further meeting the qualifications set forth in this chapter; (C) Nonprofit corporation. Any corporation falling within the definition of nonprofit corporation set forth in section 215.010(9), RSMo (as the same may be amended from time-to-time), and further meeting the qualifications set forth in this chapter; and (D) Partnership. Any general partnership, as well as any non-incorporated legal entity, formed under the laws of the state of Missouri. AUTHORITY: section 215.030(5), (12), and (19), RSMo 2000.* Original rule filed May 24, 2010, effective Jan. 30, 2011. *Original authority: 215.030, RSMo 1969, amended 1974, 1982, 1985, 1989, 1993, 1995, 1998.