Fla. Admin. Code R. 67-54.006

Current through Reg. 50, No. 222; November 13, 2024

Section 67-54.006 - Loan Processing

(1) Any financing provided from the proceeds of a qualified mortgage revenue bond is prohibited.

(2) All applicants for MCC are processed by the MCC Participating Lenders in accordance with the Conventional Mortgage Loan standard underwriting criteria. The closed loan documents shall be presented to the Corporation or its designee for compliance review and issuance of a mortgage credit certificate pursuant to guidelines set forth in the Origination Guide.

Fla. Admin. Code Ann. R. 67-54.006

Rulemaking Authority 420.507(12) FS. Law Implemented 420.5099 FS.

New 1-3-05.