§ 31.208. Insufficient funds.
If, in the Agency’s determination, the Homeowner’s Emergency Mortgage Assistance Fund contains insufficient funds to assist eligible applicants, a notice to this effect will be published by the Agency in the Pennsylvania Bulletin at least 60 days prior to the funds being depleted. The notice will include a date certain, which will be at least 90 days after publication of the notice, after which mortgagees will no longer be required to comply with the act. If funds are replenished in sufficient amount, the Agency will publish a similar notice, effective immediately, announcing that fact and that mortgagees are again subject to the requirements of the act. During the time after the initial notice is published and before a renewal notice is published, the selection of those to receive financial assistance will be determined by the Agency on a first-come, first-served basis.
Source The provisions of this § 31.208 adopted July 1, 1994, effective July 2, 1994, 24 Pa.B. 3224.
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