Or. Admin. Code § 274-045-0471

Current through Register Vol. 64, No. 1, January 1, 2025

Section 274-045-0471 - Taxes, Hazard Insurance and Flood Insurance

If delinquent taxes become a lien against the security, or the borrower fails to maintain the required insurance, the Director may pay the taxes or insurance and if so paid, will collect the amount paid by ODVA from the borrower through an escrow account per the provisions of OAR 274-045-0150.

Or. Admin. Code § 274-045-0471

DVA 10-2001, f. & cert. ef. 12-26-01; DVA 2-2005, f. & cert. ef. 4-22-05; DVA 1-2020, temporary amend filed 01/21/2020, effective 01/22/2020 through 07/10/2020; DVA 6-2020, amend filed 07/10/2020, effective 7/11/2020

Statutory/Other Authority: ORS 406.005 & 407.115

Statutes/Other Implemented: ORS 407.075 to 407.385; Oregon Constitution Article XI-A, Section 3