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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 330. Oklahoma Housing Finance Agency |
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Chapter 15. Single Family Mortgage Loan Program |
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Subchapter 11. No Loans to Parties with Potential Conflict of Interest |
SECTION 330:15-11-1. Parties deemed to be in a conflict of interest
Latest version.
- 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) Bond Counsel and attorneys of firm;(D) General Counsel and attorneys of firm;(E) Tax Counsel and attorneys of firm;(2) Bond Trustee bank affiliates:(A) Officers;(B) Directors.(3) Participating Lender's affiliates:(A) Officers;(B) Directors.(4) State Officials affiliates:(A) Governor;(B) Governor's staff;(C) Members of Council of Bond Oversight.