Section 81.123. Application fees

Latest version.

Applicants shall be charged a nonrefundable application fee, payable to the Authority, when an application is submitted to the regional office for review. This fee will be determined by the Board from time to time. Applicants shall be charged a nonrefundable fee equal to 1.0% of the loan amount, which fee will be due at the time of acceptance of the commitment letter. No disbursements will be made before these fees have been paid.

The provisions of this § 81.123 adopted July 11, 1975, effective July 12, 1975, 5 Pa.B. 1781; amended February 6, 1987, effective February 7, 1987, 17 Pa.B. 634. Immediately preceding text appears at serial page (49505).

Notation

Authority

The provisions of this § 81.123 amended under section 9 of the Pennsylvania Minority Business Development Authority Act (73 P. S. § 390.9).

                    
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