Okla. Admin. Code § 330:15-11-1

Current through Vol. 42, No. 8, January 2, 2025

Section 330:15-11-1 - Parties deemed to be in a conflict of interest

OHFA desires and intends to not allow mortgage loans to be made to parties who have or may appear to have a conflict of interest in the making and/or receipt of a mortgage loan under any of its Programs . To this end, OHFA declares the following parties to be in a conflict of interest and not eligible to be a borrower pursuant to a mortgage loan financed directly or indirectly by OHFA or any Program of OHFA:

(1) OHFA affiliates:

(A) Trustees;

(B) Officers;

(C) Bond Counsel and attorneys of firm ;

(D) General Counsel and attorneys of firm ;

(E) Tax Counsel and attorneys of firm ;

(2) Bond Trustee bank affiliates:

(A) Officers;

(B) Directors.

(3) Participating Lender's affiliates:

(A) Officers;

(B) Directors.

(4) State Officials affiliates:

(A) Governor;

(B) Governor's staff;

(C) Members of Council of Bond Oversight.

Okla. Admin. Code § 330:15-11-1

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