Florida Regulations 67-25.006: Program Documents
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(1) The following documents are required for the marketing of the bonds:
(a) Trust indenture;
(b) Program administration and mortgage servicing agreement; and,
(c) Preliminary and final official statements.
(2) The following documents pertain to the Qualified Lending Institutions:
(a) Invitation and Application to Participate;
(b) Master Mortgage Purchase Agreement;
(c) Supplement to the Master Mortgage Purchase Agreement; and,
(d) Lender Guide.
(3) The program parameters and guidelines to be used by the Corporation shall be based on market conditions, housing needs of the public and the best interest of the public prior to the issuance of the bonds and shall be published at bond closing. The documents shall be binding on the Corporation and shall fully describe the specific bond program, its parameters and procedures.
Rulemaking Authority Florida Statutes § 420.507(12). Law Implemented 420.502, 420.507, 420.508 FS. History-New 4-15-87, Formerly 9I-25.006, Amended 12-16-03.
Terms Used In Florida Regulations 67-25.006
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(b) Program administration and mortgage servicing agreement; and,
(c) Preliminary and final official statements.
(2) The following documents pertain to the Qualified Lending Institutions:
(a) Invitation and Application to Participate;
(b) Master Mortgage Purchase Agreement;
(c) Supplement to the Master Mortgage Purchase Agreement; and,
(d) Lender Guide.
(3) The program parameters and guidelines to be used by the Corporation shall be based on market conditions, housing needs of the public and the best interest of the public prior to the issuance of the bonds and shall be published at bond closing. The documents shall be binding on the Corporation and shall fully describe the specific bond program, its parameters and procedures.
Rulemaking Authority Florida Statutes § 420.507(12). Law Implemented 420.502, 420.507, 420.508 FS. History-New 4-15-87, Formerly 9I-25.006, Amended 12-16-03.