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Are properties located outside Illinois or Wisconsin eligible?

April 26, 2017eligible Illinois located outside properties Wisconsin

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Are properties located outside Illinois or Wisconsin eligible?

1 Answer

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10 Posted

A property that is not located in Illinois or Wisconsin is eligible if it is in the primary service area of the FHLBC member. Members issuing grants on properties located outside of Illinois and Wisconsin should work with their legal counsel to draw up retention documents that meet the laws of the state in which the property is located, in addition to the requirements of the AHP regulations. It is the member’s responsibility to ensure that the retention documents are legally enforceable in the state in which the property is located.