Conditional Waiver of Mortgage Servicing Fee
Rule status: Adopted
Effective date: October 14, 2020
Proposed Rule Full Text
Adopted Rule Full Text
Adopted rule summary:
The rules amend the Department of Housing Preservation and Development’s rules regarding fees for loan programs and other projects that receive municipal aid. In particular, these rules provide for waiver of the mortgage servicing fee which applies to requests for subordination, satisfaction or other modifications of debt from loans made by HPD to a grantee, borrower, or recipient.
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