Laserfiche WebLink
<br />Exhibit A19 #2860 Page 12 <br />Agreement between the City of Coon Rapids and Center for Energy and Environment <br /> <br /> <br />Borrower Fees: Borrower shall be responsible for a $50 Document Preparation Fee and applicable <br />credit report fees which may be financed in the loan amount. <br /> <br />Underwriting Decision: Applicants must have acceptable credit history. CEE will approve or deny loans <br />based on a credit report, income verification and other criteria as deemed necessary through CEE’s <br />underwriting guidelines. CEE’s decision shall be final. Borrower must also meet all CenterPoint Energy <br />On-Bill Loan Repayment requirements. <br /> <br />Disbursement of Funds: Funds will be disbursed to the borrowers at loan closing. <br /> <br />Work Completion: All work must be completed within 120 days of the loan closing. However, when <br />warranted, CEE may authorize exceptions on a case by case basis. <br /> <br />Loan Security: None. Loan will be paid per the CenterPoint Energy On-Bill Repayment Program. <br /> <br />Loan Servicing: All CenterPoint Energy On-Bill Repayment loans are serviced by CEE. <br /> <br />