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This entry was published on 2014-09-22
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Rates and fees
Private Housing Finance (PVH) CHAPTER 44-B, ARTICLE 7-A
§ 359. Rates and fees. A company shall, with the approval of the
commissioner, fix maximum rates and fees to be charged persons served by
each project for the facilities and services provided by the company to
such persons, the average of such rates and fees for any one project not
to exceed the maximum average rates and fees determined by the
commissioner before any commitments are made by the company for the
construction, acquisition, reconstruction, rehabilitation or improvement
of the project. The commissioner upon his own motion, or upon
application by the company or lienholder may vary the amount of such
rates and fees from time to time so as to secure together with all other
income of the company, sufficient income to meet, within reasonable
limits, all necessary payments by the said company of all expenses,
including fixed charges, sinking funds and reserves.