Or. Admin. Code § 813-010-0051

Current through Register Vol. 63, No. 12, December 1, 2024

Section 813-010-0051 - Loan Security

Notwithstanding any other provision contained in the Program rules, the Department shall not disburse funds for a Loan until:

(1) The Loan is secured by a fully executed trust deed note and trust deed or other evidence of security.

(2) The Eligible Borrower has satisfied all conditions contained in the Commitment.

Or. Admin. Code § 813-010-0051

1HD 2-1979, f. & ef. 6-29-79; 1HD 8-1984, f. & ef. 9-4-84; HSG 6-1987, f. & ef. 3-10-87; HSG 3-1989(Temp), f. & cert. ef. 6-8-89; HSG 8-1989, f. & cert. ef. 11-3-89; HSG 2-1991(Temp), f. & cert. ef. 8-7-91; HSG 8-1991, f. & cert. ef. 12-23-91; OHCS 3-2007, f. & cert. ef. 1-11-07

Stat. Auth: ORS 183, 456.515 - 456.725 & 458.210 - 458.650

Stats. Implemented: ORS 456.555 & 456.625