8.111.515 RESPONSIBILITIES OF TANF LOAN HOUSING ASSISTANCE ORGANIZATION
(1) A housing assistance organization taking
applications for TANF loans:
(a) must be approved by the board;
(b) shall follow such guidelines for TANF eligibility
as are provided by the department of public health and human services;
(c) must provide training to applicants for TANF loans
from a TANF allocation - home ownership on the responsibilities of home
(d) must provide post purchase counseling to
recipients of TANF loans from a TANF allocation - home ownership or a loan for
mortgage payment assistance from a TANF allocation - emergency housing
(2) As compensation for preparing and processing a TANF
loan, providing home ownership training and post purchase counseling, the
housing assistance organization shall receive from the board an administrative
fee in an amount equal to 7% of the amount of each TANF loan made by it,
provided however, that once the initial TANF funds available to the board from
the department of public health and human services have been disbursed, there
will be no compensation available under this section to a housing assistance
organization from the board for preparing and processing any loans made with
funds from repayments of initial TANF loans.
(3) The housing assistance organization is responsible
for servicing TANF loans.
(a) Servicing responsibility may be met by contracting
for servicing with a loan servicer qualified and approved by the board under
(b) As compensation for servicing a TANF loan the
housing assistance organization is entitled to a monthly servicing fee in an amount
equal to .1/12 of 5% of the outstanding principal balance of the TANF loan
immediately prior to the application of the payment, which amount shall be
deducted from the TANF loan payment.
(c) The housing assistance organization may also
retain late charges collected from the TANF loan recipient.
(4) A housing assistance organization will cooperate
with the board in complying with data requests, certifications and reports
required by the board to the Montana department of public health and human services.
Within 15 days from the end of each calendar quarter a housing assistance
organization will provide the board, on a form provided by the board, with
requested data including, but not limited to:
(a) loan recipient demographic data including social
security number and family size;
(b) the actual expenditure made by the loan recipient
with the loan proceeds and the type of expenditure, e.g. housing loan, one-time
housing purchase related expense, non-recurring emergency housing expense;
(c) provider/contractor information including number
of households assisted in home ownership program, number of home ownership
loans made, average amount of home ownership loan, number of households served
by one-time emergency housing assistance, and average one-time emergency
housing assistance loan; and
(d) fiscal reporting data, including amount loaned for
home ownership loans by current month and year-to-date and amount loaned for
emergency housing assistance by current month and year-to-date.
History: Sec. 90-6-136, MCA; IMP, Sec. 90-6-134, MCA; NEW, 2002 MAR p. 75, Eff. 1/18/02; AMD, 2004 MAR p. 1142, Eff. 5/7/04.