15A NCAC 01N .0203. ADMINISTRATIVE EXPENSES

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Agreement to a debt instrument by a loan applicant shall include payment of a two percent administrative fee which is an eligible project cost. These monies shall accrue to be used only for the reasonable costs of administering the Fund.

History Note: Authority G.S. 159G-5; 159G-15;

Temporary Adoption Eff. January 31, 1998;

Eff. April 1, 1999.

                    
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