Pennsylvania Code
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENT
Part III - Business Financing
Subpart D - Minority Lending
Chapter 81 - MINORITY BUSINESS DEVELOPMENT AUTHORITY
Subchapter B - LOAN PROGRAM ADMINISTRATION
APPLICATION PROCEDURE
Section 81.123 - Application fees
Universal Citation: 12 PA Code ยง 81.123
Current through Register Vol. 54, No. 44, November 2, 2024
Applicants shall be charged a nonrefundable application fee, payable to the Authority, when an application is submitted to the regional office for review. This fee will be determined by the Board from time to time. Applicants shall be charged a nonrefundable fee equal to 1.0 % of the loan amount, which fee will be due at the time of acceptance of the commitment letter. No disbursements will be made before these fees have been paid.
The provisions of this §81.123 amended under section 9 of the Pennsylvania Minority Business Development Authority Act (73 P.S. § 390.9).
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