LAC 16:II.811 – Types of Assistance and Proscribed Use

A. Borrowers will pay a 1 percent origination fee to the LHC for the issuance of an LHC MCC and a $75 compliance fee.
B. Lenders will be allowed to charge up to $500 per MCC application.
C. Maximum loan amount is based upon applicable program guidelines (i.e. conventional, FHA, VA or rural development).

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:600.86 et seq.

HISTORICAL NOTE: Promulgated by the Department of the Treasury, Louisiana Housing Corporation, LR 41:1774 (September 2015).