Section 220.108  Fees and Charges of the Authority

A Commitment Fee may be established and collected by the Authority from each potential Lender filing an Application in such amount or amounts as the Authority may deem appropriate.  Commitment Fees applicable to offered sales of Mortgage Loans for which the Authority does not enter into a Mortgage Purchase Agreement shall be returned to the potential Lender.  The Commitment Fee may be used by the Authority for its general corporate purposes, including costs of administering the Program.  The Authority may establish such other charges, premiums, and penalties as it may deem necessary to administer the Program.