Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 330. Oklahoma Housing Finance Agency |
Chapter 25. 1987 Single Family Mortgage Revenue Bond Loan Program |
Subchapter 7. Offers to Originate; Disbursements |
SECTION 330:25-7-6. Origination agreement
Latest version.
- An Origination Agreement shall be executed between and among OHFA and each of the participants. This Agreement shall specify detailed procedures concerning processing, closing, and servicing the mortgage loans. The Origination Agreement will also specify numerous reporting and procedural requirements necessary for the maintenance of proper cash flows and/or measures for the preservation of the tax-exempt status of the bonds.