SECTION 330:15-7-9. Participating lenders deemed to be fiduciaries of OHFA and bond trustee

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All firms which agree to act as participating lenders under any program for the purpose of originating and/or servicing mortgage loans shall be deemed to be acting as a fiduciary agent to OHFA and Bond Trustee for the program in question, and by accepting and agreeing to so act, such participating lenders shall be bound to the standards and duties of conduct of a fiduciary agent, as provided by law.

                    
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