N.M. Admin. Code § 4.10.2.12
Current through Register Vol. 35, No. 21, November 5, 2024
Section 4.10.2.12 - HPL CONTRIBUTIONS - INELIGIBLE COSTSA. HPL contributions to the loan pool shall not be used to pay costs of land acquisition, legal costs, fiscal agents' fees, loan origination fees, points, or other charges incurred by the borrower or which may be imposed by the lending institution or other lending entity, including fees described in 4.10.2.17 NMAC of these regulations and costs that are not expressly permitted in 4.10.2.11 NMAC of these regulations.B. The borrower shall not apply HPL funds contributions to the loan pool toward the acquisition or purchase of property.N.M. Admin. Code § 4.10.2.12
7/16/97; 4.10.2.12 NMAC - Rn, 4 NMAC 10.2.12, 1/1/08