| (a) Persons receiving or benefiting from Texas HTF
funds, as determined by the Department, may not be currently delinquent
or in default with child support, government loans, or any other debt
owed to the State of Texas.
(b) The activities described in paragraphs (1) - (8)
of this subsection are prohibited in relation to the origination of
a Texas HTF loan, but may be charged as an allowable cost by a third
party lender for the origination of all other loans originated in
connection with a Texas HTF loan:
(1) Payment of delinquent property taxes or related
fees or charges on properties to be assisted with Texas HTF funds;
(2) Loan origination fees;
(3) Application fees;
(4) Discount fees;
(5) Underwriter fees;
(6) Loan processing fees;
(7) Loan servicing fees; and
(8) Other fees not approved by the Department in writing
prior to expenditure.
|
