SECTION 330:15-7-8. Limitations upon assignability of rights and duties of Participating Lenders under Programs

  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. 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.

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