SECTION 330:15-3-6. Interest rate

Latest version.

Programs may provide for fixed rate or variable rate loans or both, at discretion of Trustees at time of finalization of Program. Specific interest rate(s) for mortgages under each Program shall be set as the Trustees may determine to be necessary under the market conditions prevalent at the time the Program is being developed and as may be determined by the Trustees at discretion of Trustees at time of finalization of the Program.

[Source: Amended at 37 Ok Reg 1709, eff 1-1-21]

                    
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