Mo. Code Regs. Ann. tit. 2, § 100-2.040
Fees
Effective Jul 8, 1991section 348.075, RSMo 1986.* Original rule filed July 12, 1984, effective Oct. 11, 1984. Amended: Filed Feb. 15, 1991, effective July 8, 1991. *Original authority: 348.075, RSMo 1981, amended 1995, 1997Missouri Agricultural and Small Business Development Authority
PURPOSE: This rule sets forth the fee structure for this program. 2 CSR 100-2
- (1) The authority will receive a nonrefundable fifty dollar ($50) application fee submitted with the application.
- (2) The authority will receive a program participation fee equal to one and one-half percent (1 1/2%) of the amount of the loan, but not less than five hundred dollars ($500) upon loan closing.
- (3) The lender shall collect the participation fee and remit it to the authority at the time of the loan closing.
- (4) The participation fee may be financed with the loan.
AUTHORITY: section 348.075, RSMo 1986.* Original rule filed July 12, 1984, effective Oct. 11, 1984. Amended: Filed Feb. 15, 1991, effective July 8, 1991. *Original authority: 348.075, RSMo 1981, amended 1995, 1997.