Or. Admin. Code § 274-025-0050
Current through Register Vol. 63, No. 11, November 1, 2024
Each loan shall be covered by a title insurance policy issued in American Land Title Association (ALTA) form by a title insurer licensed by the State of Oregon. Such policy shall be in an amount at least equal to the outstanding principal balance of the program loan. The benefits of the policy shall run to the ODVA as either named insured or assignee. The policy shall not be subject to any exceptions or conditions other than those previously approved by the ODVA.
Or. Admin. Code § 274-025-0050
Stat. Auth.: ORS 406.030, ORS 407.115, ORS 407.177, ORS 407.179& ORS 407.181
Stats. Implemented: ORS 407.115, ORS 407.177, ORS 407.179 & ORS 407.181