SECTION 330:10-5-1. Program participant fees

  Each participant will remit to the Agency when requested, but in all cases at least five (5) days prior to closing, a corporate check equal to a maximum of three percent (3%) of the amount of the participation allocated to each participant. Such funds will constitute a non-refundable program participant fee and the check will be cashed and the funds retained by the Agency. In the event the bonds are not delivered, the check will be returned to the participant.