Oklahoma Administrative Code
Title 330 - Oklahoma Housing Finance Agency
Chapter 30 - Multifamily Housing Bond Program
Subchapter 2 - General Provisions
Section 330:30-2-9.1 - Credit enhancement requirements
Universal Citation: OK Admin Code 330:30-2-9.1
Current through Vol. 41, No. 13, March 15, 2024
(a) The AP, as approved by the Trustees may modify, expand, or clarify the following criteria.
(b) Credit enhancement techniques or mechanisms may include, but are not limited to:
(1) Mortgage insurance, including mortgage
pool insurance or payment guarantees;
(2) Bond insurance;
(3) Collateral pledges;
(4) Surety or other third party
guarantees;
(5) Letters of credit;
or
(6) Combinations
thereof.
(c) Credit enhancement techniques or mechanisms may be employed in connection with the issuance of MF Bonds.
(d) The form and structure of credit enhancement utilized in connection with any OHFA MF Bonds must be approved by formal action of the Trustees.
Added at 20 Ok Reg 2411, eff 7-11-03; Amended at 30 Ok Reg 1979, eff 7-31-13
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