SECTION 330:15-7-9. Participating Lenders deemed to be fiduciaries of OHFA

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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 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.

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

                    
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