Section 369.670  Covenant Against Contingent Fees

The loan recipient shall warrant that no person or agency has been employed or retained to solicit or secure a WPCLP/ARRA loan upon an agreement or understanding for a commission, percentage, brokerage or contingent fee.  For breach or violation of this warranty, the Agency shall have the right to annul the loan in accordance with Section 369.310  (Noncompliance with Loan Procedures) of this Part or to deduct from the loan, or otherwise recover, the full amount of the commission, percentage, brokerage or contingent fee.