Oklahoma Administrative Code
Title 330 - Oklahoma Housing Finance Agency
Chapter 30 - Multifamily Housing Bond Program
Subchapter 8 - Fees and Expenses
Section 330:30-8-1 - Inducement Application stage

Universal Citation: OK Admin Code 330:30-8-1

Current through Vol. 41, No. 13, March 15, 2024

(a) When notified by OHFA the Applicant shall remit to OHFA a nonrefundable inducement Application fee in an amount equal to the greater of:

(1) Ten basis points (.10%) of the dollar amount of OHFA MF Bonds requested; or

(2) Five Thousand Dollars ($5,000).

(b) If an Inducement Resolution is sought before an Application is submitted to OHFA, then One Thousand Dollars ($1,000) is due before the Trustees consider the Inducement Resolution. The remaining balance of the fee would be due at Closing.

(c) OHFA may require an Applicant to make payments to third parties who provide services relating to OHFA's review and evaluation of the Application.

Added at 10 Ok Reg 739, eff 1-4-93 (emergency); Added at 10 Ok Reg 2009, eff 5-27-93; Amended at 20 Ok Reg 2411, eff 7-11-03; Amended at 30 Ok Reg 1985, eff 7-31-13

Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.