SECTION 330:30-8-5. Administrative and compliance fee

Latest version.

(a)   The Owner of each Development financed by OHFA shall be required to remit to OHFA a nonrefundable administrative and compliance fee.
(b)   The administrative and compliance fee for the first five (5) years shall be paid in advance and must be paid at Closing. The amount of the fee will be twelve and one half basis points (.125%) of the principal amount of OHFA MF Bonds issued.
(c)   Thereafter, the administrative and compliance fee shall be paid in advance annually and equal to twenty-five basis points (.25%) per annum and calculated on amount of MF Bonds outstanding, if any.

[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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