Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 204 - SECONDARY MARKET PROGRAM
Section 457-204-11 - Payments
Universal Citation: 94 ME Code Rules ยง 457-204-11
Current through 2024-38, September 18, 2024
Lender will receive all payment of principal, or interest, on account of the entire Eligible Loan and will promptly remit the amount allocable to the Guaranteed Portion either to a FTA designated by the Authority, which shall promptly remit to Holder its pro rata share thereof determined according to its interest in the Eligible Loan or, if there be no FTA, then to Holder its pro rata share thereof determined according to its interest in the Eligible Loan, less only Lender's servicing fee.
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