SECTION 330:30-8-3. Final Financing stage

Latest version.

(a)   When notified by OHFA the Applicant shall remit to OHFA a nonrefundable final financing fee in an amount equal to the greater of:
(1)   Forty basis points (0.40%) of the dollar amount of OHFA MF Bonds requested; or
(2)   Twenty Thousand Dollars ($20,000).
(b)   OHFA may require an Applicant to make payments to third parties who provide services relating to OHFA's review and evaluation of the Application.
(c)   Fees for the final financing stage and/or the fees due to third parties may be incorporated into the closing process.
(d)   All fees outstanding will be due and payable by the Borrower at Closing.

[Source: Added at 10 Ok Reg 739, eff 1-4-93 (emergency); Added at 10 Ok Reg 2009, eff 5-27-93; Amended at 20 Ok Reg 2411, eff 7-11-03; Amended at 30 Ok Reg 1973, eff 7-31-13; Amended at 33 Ok Reg 1549, eff 10-1-16]

                    
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