Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 204 - SECONDARY MARKET PROGRAM
Section 457-204-18 - Commitment or Rejection
Universal Citation: 94 ME Code Rules ยง 457-204-18
Current through 2024-38, September 18, 2024
A. Upon approval of an application, a commitment for the Program will be issued as part of a Loan Insurance Authorization subject to the execution of instruments evidencing full compliance with Authority requirements and in form and content satisfactory to the Authority.
B. If, upon examination of the application and supporting information the Chief Executive Officer or the members, as applicable, reject such application, the Lender shall be so informed.
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