Okla. Admin. Code § 330:15-7-10

Current through Vol. 42, No. 4, November 1, 2024
Section 330:15-7-10 - Disqualification and/or termination of participating lenders under Program

The Program Documents shall specify the specific grounds for disqualification and/or termination of a Participating Lender in the Program in question. By way of illustration, and not as a limitation, such grounds may include one or more of the following:

(1) Insolvency of a Participating Lender .
(2) Breach of any Program agreement by a Participating Lender .
(3) Breach of OHFA Rules by the Participating Lender .
(4) Unreasonably high default rate in the portfolio of mortgages being originated and/or serviced by a Participating Lender .

Okla. Admin. Code § 330:15-7-10

Amended by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 1/1/2021