Fla. Admin. Code Ann. R. 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.
Notes
Rulemaking Authority 420.507(12) FS. Law Implemented 420.5099 FS.
New 1-3-05.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.