Pennsylvania Code & Bulletin

• No statutes or acts will be found at this website.

The Pennsylvania Bulletin website includes the following: Rulemakings by State agencies; Proposed Rulemakings by State agencies; State agency notices; the Governor’s Proclamations and Executive Orders; Actions by the General Assembly; and Statewide and local court rules.

PA Bulletin, Doc. No. 09-2293



Homeowner's Emergency Mortgage Assistance Program (HEMAP); Interest Rate for HEMAP Loans Closed in 2010

[39 Pa.B. 7073]
[Saturday, December 12, 2009]

 Under section 406-C of the Housing Finance Agency Law (35 P. S. § 1680.406c) the House Finance Agency (Agency) is to determine prior to the end of each calendar year, the rate of interest for HEMAP loans closed in the next calendar year, which rate is not to exceed the rate of interest established by the Department of Banking under section 301 of the act of January 30, 1974 (P. L. 13, No. 6), referred to as the Loan Interest and Protection Law, and referred to commonly as the ''Usury Law.''

 The Agency has determined that the rate of interest for HEMAP loans closed during calendar year 2010 shall be 5.25%.

 This Notice shall take effect immediately.

Executive Director

[Pa.B. Doc. No. 09-2293. Filed for public inspection December 11, 2009, 9:00 a.m.]

No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Bulletin full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.