N.Y. Comp. Codes R. & Regs. tit. 21 § 4213.11
Current through Register Vol. 46, No. 50, December 11, 2024
In consideration of the below-market interest rate offered by the corporation on the program assistance, the recipient shall pay the corporation, at closing, a closing fee of up to.75 percent of the amount of the assistance. In addition, the recipient of assistance may be obligated to reimburse the corporation for expenses related to the provision of such assistance, including but not limited to expenses related to credit searches, appraisals, surveys, title insurance, filing fees and the cost of professional services actually needed by the recipient.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 4213.11