Florida Regulations 67-25.016: Waiver of Repayment Terms under Mortgage
Current as of: 2024 | Check for updates
|
Other versions
The Corporation shall waive the repayment of a portion of the mortgage loan under the program if the Corporation determines, in conjunction with the program guidelines, that it is necessary to do so in order to comply with arbitrage restrictions as they are defined in the IRC 1954 code and the Code, as applicable, or any regulations thereunder.
Rulemaking Authority Florida Statutes § 420.507(12). Law Implemented 420.502, 420.507, 420.508 FS. History-New 4-15-87, Formerly 9I-25.016, Repromulgated 2-2-05.
Rulemaking Authority Florida Statutes § 420.507(12). Law Implemented 420.502, 420.507, 420.508 FS. History-New 4-15-87, Formerly 9I-25.016, Repromulgated 2-2-05.
Terms Used In Florida Regulations 67-25.016
- 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.