3. Mortgage insured loan limitation for small businesses. Whenever an applicant applies for mortgage insurance under sections 1026-B and 1026-C or sections 1026-C and 1026-K, the authority may insure mortgage loans for which the combined principal amounts of mortgage insurance of both sections do not exceed $1,100,000.

4.__Ineligible for loan insurance.__The authority may not provide loan insurance for the following:

A.__Investment real estate;

B.__Religious organizations;

C.__Fraternal organizations;

D.__Residential housing, other than congregate or group housing; or

E.__Consumer loans.

5.__Limitations on loan insurance.__The authority may establish a maximum insurance liability for particular sectors by rule.__Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2- A.

Sec. 31. 10 MRSA §1026-B, as amended by PL 1999, c. 504, §9, is repealed.

Sec. 32. 10 MRSA §1026-C, as amended by PL 1997, c. 455, §6 and c. 489, §6, is repealed.

Sec. 33. 10 MRSA §1026-D, as amended by PL 2001, c. 417, §15, is repealed.

Sec. 34. 10 MRSA §1026-E, first ¶, as amended by PL 1985, c. 714, §25, is further amended to read:

In addition to its other powers under this chapter, subject to the limitations of this subchapter, except section 1026-A, subsection 1, paragraph A, and sections 1026-B, 1026-C and 1026- D, the authority may insure mortgage payments with respect to mortgage loans designated as one or more pools or other segregated portfolios. Any such insurance shall may not exceed 50% of the aggregate principal balances of the mortgage loans as of the date on which the mortgage loans are designated for