Okla. Admin. Code § 330:30-2-9.1

Current through Vol. 42, No. 8, January 2, 2025

Section 330:30-2-9.1 - Credit enhancement requirements

(a) The AP, as approved by the Trustees may modify, expand, or clarify the following criteria.

(b) Credit enhancement techniques or mechanisms may include, but are not limited to:

(1) Mortgage insurance, including mortgage pool insurance or payment guarantees;

(2) Bond insurance;

(3) Collateral pledges;

(4) Surety or other third party guarantees;

(5) Letters of credit; or

(6) Combinations thereof.

(c) Credit enhancement techniques or mechanisms may be employed in connection with the issuance of MF Bonds.

(d) The form and structure of credit enhancement utilized in connection with any OHFA MF Bonds must be approved by formal action of the Trustees.

Okla. Admin. Code § 330:30-2-9.1

Added at 20 Ok Reg 2411, eff 7-11-03; Amended at 30 Ok Reg 1979, eff 7-31-13

Amended by Oklahoma Register, Volume 33, Issue 24, September 1, 2016, eff. 10/1/2016