Oklahoma § 62-91.8 - Funding of loans – Reduced interest rate
Full text of Oklahoma Oklahoma Statutes § 62-91.8 — Funding of loans – Reduced interest rate, with citation guidance and answers to common questions.
§ 62-91.8. Funding of loans – Reduced interest rate
A. Upon the placement of a rural housing linked deposit with an
eligible lending institution, the institution shall fund the loan to
each approved eligible rural housing developer listed in the rural
housing linked deposit loan package in accordance with the rural
housing linked deposit agreement between the institution and the
State Treasurer. The loan shall be at a rate that reflects a
percentage-rate reduction below the present borrowing rate
applicable to each developer that is equal to the percentage-rate
reduction below market rates at which the certificate of deposits
that constitute the rural housing linked deposit were placed or at
which the investments in bonds, notes, debentures, or other
obligations or securities that constitute the rural housing linked
deposit were made. A certification of compliance with this section
in the form and manner as prescribed by the State Treasurer shall be
required of the eligible lending institution.
B. The State Treasurer shall take any and all steps necessary
to implement the Oklahoma Rural and Affordable Housing Linked
Deposit Program and monitor compliance of eligible lending
institutions and eligible rural housing developers, including the
development of guidelines as necessary.
Added by Laws 2002, c. 287, § 8, eff. July 1, 2002.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 62-91.8
What does Oklahoma Statutes § 62-91.8 cover?
Section 62-91.8 ("Funding of loans – Reduced interest rate") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 62-91.8?
A common citation format is "Oklahoma Statutes § 62-91.8" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 62-91.8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.