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Conditional Waiver of Mortgage Servicing Fee

Rule status: Adopted

Agency: HPD

Effective date: October 14, 2020

Proposed Rule Full Text
hpd_proposed_conditional_waiver_of_mortgage_servicing_fee.pdf

Adopted Rule Full Text
fees_rules_conditional_waiver_of_mortgage_servicing_fee_final_adopted.pdf

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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