Mo. Code Regs. Ann. tit. 2, § 100-2.040
Fees
Effective Aug 30, 2009section 348.075, RSMo 2000.* Original rule filed July 12, 1984, effective Oct. 11, 1984. Amended: Filed Feb. 15, 1991, effective July 8, 1991. Amended: Filed Feb. 11, 2009, effective Aug. 30, 2009. *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.
- (1) The authority will receive a nonrefundable three hundred dollar ($300) application fee submitted with the application.
- (2) The authority will receive a program participation fee equal to one and fifty-five hundredths percent (1.55%) 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. 2 CSR 100-2
AUTHORITY: section 348.075, RSMo 2000.* Original rule filed July 12, 1984, effective Oct. 11, 1984. Amended: Filed Feb. 15, 1991, effective July 8, 1991. Amended: Filed Feb. 11, 2009, effective Aug. 30, 2009. *Original authority: 348.075, RSMo 1981, amended 1995, 1997.