When a lender has been approved by MHDC to participate in the First
Place Loan Program, MHDC will forward the documents which must
be executed by the lender prior to the beginning of a bond issue.
The process begins with the issuance of the Lender Participation
Agreement (Exhibit A),
indicating the lender’s willingness to participate in the program.
Upon receipt of Exhibit A, the legal documents required to
participate in the issue will be forwarded to the lender. These
documents include, but are not limited to:
1. One signed Lender's Certificate
2. Four signature pages for the Acceptance Agreement
3. Completed, original authorized signature pages and information
sheet
These must be returned to MHDC before the lender will be provided access
to the new issue using Lender on Line (LOL), MHDC’s online loan
reservation system.
NOTE:
Allowing unauthorized persons access to the LOL or violating any of the
eligibility requirements, may subject the Certified Lender to
termination of participating status and immediate cancellation
of all outstanding reservations.
