SECTION 330:15-7-3. Allocation to Participating Lenders

Latest version.

In the event an allocation process is necessary to divide available loan proceeds among a number of Participating Lenders or for use within a number of counties or geographic areas, OHFA Trustees and/or Staff shall make such allocations on a fair, reasonable and equitable basis at a public hearing upon proper notice, offering affected persons or institutions an opportunity to be heard on the matter.

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

                    
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