Fees

PURPOSE: This rule sets forth the fee structure for this program. (1) The authority will receive a nonrefundable application fee submitted with the application in an amount set by the authority on forms provided by the authority. (2) The authority will receive a program participation fee in an amount set by the authority, but not less than five hundred dollars ($500) upon bond issuance. (3) The lender shall collect the participation fee and remit it to the authority at the time of the bond issuance. (4) The participation fee may be financed with the loan. AUTHORITY: section 348.075, RSMo 2000.* Original rule filed July 12, 1984, effective Oct. 11, 1984. Amended: Filed Feb. 15, 1991, effective July 8, 1991. Amended: Filed Feb. 11, 2009, effective Aug. 30, 2009. Amended: Filed July 30, 2015, effective Jan. 30, 2016. *Original authority: 348.075, RSMo 1981, amended 1995, 1997.