Transfers and Termination of Allocation. During the Commitment Period for a Program, the Participating Lending Institution, with the written consent of the Division, which consent shall not be withheld, delayed or conditioned unreasonably, may transfer all or a portion of its Allocation for such Program to one or more other lending or financial institutions for the purpose of ultimately fulfilling its Allocation, complying with the requirements of the applicable Program Agreement, or for such other reasonable purposes which shall be specified in the Participating Lending Institution’s request submitted to the Division. A request for the Division’s consent to such transfer shall set forth the terms and conditions of the transfer and the proposed transferee, all of which must be reasonably acceptable to the Division. The Division shall advise the affected Participating Lending Institution of its decision with respect to any requested transfer by sending a notice in writing to the Participating Lending Institution, with a copy to the Servicer. In no event may the Participating Lending Institution charge or receive any fee or remuneration from the transferee in excess of the amount of the Program Participation Fee paid by the Participating Lending Institution to the Division applicable to the amount of the Allocation being transferred. During the Commitment Period for each Program, the Division reserves the right to transfer all or a portion of the Participating Lending Institution’s Allocation under such Program if the Division determines that the Participating Lending Institution has not diligently attempted to originate Mortgage Loans under such Program. In such event, the Division shall give the Participating Lending Institution and the Servicer at least 30 days’ advance written notice of such transfer specifying the reasons for such transfer and the effective date of such transfer. Following the end of the Commitment Period, for a specific Participating Lending Institution, for each Program and continuing until the end of the Origination Period (if different from the Commitment Period) for such Program, the Division shall have the right to transfer to another lending or financial institution all or a portion of the Participating Lending Institution’s Allocation under such Program to the extent that such Allocation or portion thereof is not then the subject of a Commitment. In such event, the Division shall give the Participating Lending Institution and the Servicer at least 30 days’ advance writ...
