Or. Admin. Code § 629-022-0320

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

Section 629-022-0320 - Interest Rate

(1) The rate is 4.0 percent, simple interest.

(2) The interest rate must be fixed when the Loan Program Contract is executed and may not change during the life of the contract.

FB 4-1994, f. & cert. ef. 8-3-94; DOF 4-2006(Temp), f. & cert. ef. 5-2-06 thru 10-28-06; Administrative correction, 11-16-06; DOF 2-2007, f. 1-10-07 cert. ef. 1-11-07; DOF 1-2009, f. 1-12-09, cert. ef 2-1-09

Stat. Auth.: ORS 526.700 - 526.730 & 526.745

Stats. Implemented:ORS 526.700 - 526.775