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This entry was published on 2014-09-22
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Linked loans interest rate; limitation on lender's fees
State Finance (STF) CHAPTER 56, ARTICLE 16
§ 239. Linked loans interest rate; limitation on lender's fees. 1.
Linked loans shall bear interest at the linked loan interest rate.
Lenders shall certify to the corporation that the linked loan interest
rate is below the interest rate the lender would have charged for the
loan in the absence of a linked deposit.

2. Lenders who make linked loans shall not be entitled to charge any
discount, points, origination fees, handling fees, service charges,
refinancing fees or penalties or any charge other than those normally
charged and in such amounts normally charged by the lender for loans of
the type being made without regard to the program.