- (a) General. The Applicant will be assessed charges for the purpose of recovering administrative costs of all projects receiving DWSRF financial assistance. However, no fees or costs shall be assessed on those projects or portions of projects that are subsidized through loan forgiveness or other subsidies as detailed in the IUP.
- (b) Loan origination fee. A loan origination fee equal to 2.25% of the DWSRF loan amount will be assessed, as a one-time non-refundable charge. The fee is due and payable at the time of loan closing and may be financed as a part of the DWSRF loan.
Source Note:The provisions of this §371.15 adopted to be effective August 4, 2010, 35 TexReg 6680.