Oklahoma Administrative Code
Title 330 - Oklahoma Housing Finance Agency
Chapter 10 - 1984 Single Family Mortgage Revenue Bonds - 30 Year Fixed Rate Loan Program
Subchapter 7 - Offers to Originate; Disbursements
Section 330:10-7-3 - Blocking out

Participants may, prior to or after submission of offers to participate, enter into formal or informal arrangements with realtors, builders and/or developers for commitment of mortgage loans to ultimate purchasers of qualified residences. Provided, such commitment of mortgage loan funds by any participant may not exceed 25% of that participants total allocation, and such blocking out may not be for a period to exceed 7 months. After such time the blocked out funds shall be subject to recall and reallocation by the Agency.