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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 90. Council of Bond Oversight |
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Chapter 15. Administration of the Oklahoma Private Activity Bond Allocation Act |
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Subchapter 15. Mortgage Credit Certificate Programs |
SECTION 90:15-15-1. Recordkeeping
Latest version.
- Issuers of mortgage credit certificates shall file with the State Bond Advisor a record of all issuances of certificates. Such record shall indicate the amount of certificate authority used. Such issuers shall file a statement with the State Bond Advisor on or after December 31st of each calendar year but no later than January 5th of the following calendar year, and such statement shall indicate the amount of mortgage credit certificate authority available pursuant to an allocation of the state ceiling from a current or prior calendar year and the uncommitted balance of mortgage credit certificate authority available from each such allocation. This Subchapter is applicable to mortgage credit certificate programs effective prior and subsequent to the effective date of this Chapter.