73-10c-10. Origination fee.
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/ut/title-73/chapter-10c/73-10c-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
73-10c-10. Origination fee.
(1)The Drinking Water Board and the Water Quality Board may establish an origination fee for a loan to fund the administration of the programs created by this chapter by following the procedures and requirements of Section 63J-1-504 .
(2)The Drinking Water Board may establish an origination fee for a federally funded loan to fund the administration of programs allowed by 42 U.S.C. Sec. 300j-12, and regulations created thereunder, by following the procedures and requirements of Section 63J-1-504 .
(3)An origination fee established in accordance with this section shall be part of the department fee schedule established under Section 19-1-201 .
(4)Notwithstanding the requirements of Section 63J-1-504 , the board shall deposit a fee paid in accordance with this section in the origination fee subaccount created in Section 73-10c-5 and use the fee to administer this chapter.
(5)The loan recipient may pay the origination fee from the loan proceeds.
Amended by Chapter 104 , 2011 General Session