SECTION 330:15-7-10. Disqualification and/or termination of participating lenders under programs

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  Program documents for each program shall specify the specific grounds for disqualification and/or termination of a participating lender in the program in question. By way of illustration, and not as a limitation, such grounds may include one or more of the following:
(1)   Insolvency of a participating Lender.
(2)   Breach of any program agreement by a participating lender.
(3)   Breach of OHFA Rules by the participating lender.
(4)   Unreasonably high default rate in the portfolio of mortgages being originated and/or serviced by a participating lender.

                    
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