Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 330. Oklahoma Housing Finance Agency |
Chapter 15. Single Family Mortgage Loan Program |
Subchapter 7. Participating Lenders |
SECTION 330:15-7-8. Limitations upon assignability of rights and duties of participating lenders under programs
Latest version.
- Participating lenders in any program shall not be authorized under program documents to assign their rights or obligations without the prior express written consent of OHFA and the Bond Trustee for the program in question. No contract or agreement or other instrument evidencing, or intended to evidence, the assignment of any of such rights or duties of any participating lenders shall make provision for the release of any of the obligations to OHFA or the Bond Trustee under the program in question, of the assigning participating lenders, and such restriction may not be waived by any action of the Trustees, officers or staff of OHFA except by amendment to the rules of this Chapter.