SECTION 330:15-11-1. Parties deemed to be in a conflict of interest

  OHFA desires and intends to not allow mortgage loans to be made to parties who have or may appear to have a conflict of interest in the making and/or receipt of a mortgage loan under any of its programs. To this end, OHFA declares the following parties to be in a conflict of interest and not eligible to be a borrower pursuant to a mortgage loan financed directly or indirectly by OHFA or any program of OHFA:

(1)   OHFA affiliates:

(A)   Trustees;

(B)   Officers;

(C)   Employees;

(D)   Father, mother, sisters, brothers, father-in-law, mother-in-law, and sisters- and brothers-in-law, lineal heirs and dependents of Trustees and officers;

(E)   Dependents of employees;

(F)   Bond counsel and attorneys of firm;

(G)   General counsel and attorneys of firm; and

(H)   Tax counsel and attorneys of firm.

(2)   Bond Trustee bank affiliates:

(A)   Officers;

(B)   Directors;

(C)   5% stockholders;

(D)   Employees;

(E)   Father, mother, sisters, brothers, father-in-law, mother-in-law, and sisters- and brothers-in-law, lineal heirs and dependents of officers, directors and 5% stockholders; and

(F)   Dependents of employees

(3)   Participating lender's affiliates:

(A)   Officers;

(B)   Directors;

(C)   5% stockholders;

(D)   Employees of the participating lender in question, and each of its originating entities (if applicable), to whom the application is made;

(E)   Father, mother, sisters, brothers, father-in-law, mother-in-law, and sisters- and brothers-in-law, lineal heirs and dependents of officers, directors and 5% stockholders; and

(F)   Dependents of employees of the participating lender in question, and each of its originating entities (if applicable), to whom the application is made.

(4)   State Officials affiliates:

(A)   Governor;

(B)   Governor's staff;

(C)   Members of Joint Bond Oversight Commissions;

(D)   Father, mother, sisters, brothers, father-in-law, mother-in-law, and sisters- and brothers-in-law, lineal heirs and dependents of Governor, Governor's staff, and members of Joint Bond Oversight Commissions; and

(E)   Staff of Oklahoma Department of Commerce (CAP Allocation).