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Conditional Waiver of Mortgage Servicing Fee

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Rule status: Adopted

Agency: HPD

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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