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(b) ~rogram Operating Account: - <br /> <br /> The remaining portion of AGENCY deposit. <br /> <br /> 2. A non-interest bearing wire transfer account shall <br /> also be maintained to expedite the transfer of funds <br /> for loan fundings and other permitted transfers <br /> pursuant to AGENCY written requests. <br /> <br />C. Account Income <br /> <br /> 1. Where permitted by applicable law, FINANCIAL <br /> INSTITUTION shall pay interest on funds at current <br /> market interest rates for similar deposits of <br /> like nature and term and liquidity requirements. <br /> <br /> 2. All interest income, AGENCY'S portion of loan <br /> repayments, and other program income, shall be <br /> deposited to AGENCY'S Operating Account to make <br /> additional Program Funds available to eligible <br /> property owners pursuant to this Agreement. <br /> <br /> PART TWO <br /> <br /> LENDING PROGRAMS <br /> <br />A. Agency Direct Loan Program <br /> <br /> 1. AGENCY shall make approval decision on all direct <br /> loans received by Program Applicants. CCF shall <br /> retain no interest in direct loans but will provide <br /> origination and Loan Administration Services for <br /> AGENCY direct loans as herein provided. <br /> <br />B. CCF Loan Participation Program <br /> <br /> 1. AGENCY agrees to participate in the funding of <br /> CCF's loans offered to Borrowers under CCF's Loan <br /> Participation Program. <br /> <br /> 2. The amount of AGENCY participation in each loan shall <br /> vary according to the loan terms given to Borrower <br /> and shall be calculated as described in part Three of <br /> this Agreement. <br /> <br /> 3. CCF's portion of loans funded under CCF's <br /> Participation Program shall remain at all times <br /> superior in recordation to the AGENCY'S portion of <br /> the loan. <br /> <br /> 4. AGENCY may submit loan applications for CCF's loan <br /> <br /> <br />