Section 10-B3807. PROGRAM FEES

Latest version.

3807.1The Agency may charge and collect from an Approved Mortgage Lender a reasonable fee to participate in the Program and to cover the Agency's cost of administering the Program and certain other costs as the Agency determines are necessary to cover cash flow or security deficiencies in connection with the issuance of the Program's Bonds.

3807.2The Agency may also allow Approved Mortgage Lenders to charge the mortgagors or the sellers of Single-family residences reasonable fees to participate in the Program and defray the costs of originating and servicing the Mortgage loans to the extent permitted by applicable law.

authority

Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

source

Final Rulemaking published at 30 DCR 4930, 4935 (September 23, 1983); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014).

                    
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