Or. Admin. Code § 813-020-0005

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

Section 813-020-0005 - [Effective until 5/2/2025] Program Definitions

The following definitions and those in ORS Chapters 456 and 458 apply to OAR Chapter 822, unless the context indicates otherwise, or the term is otherwise defined in a subsequent division:

(1) "Approved Lender" is a mortgage lender that is authorized by Oregon law to originate mortgage loans in the state and has executed an agreement to provide mortgage loans to the Department.

(2) "Department's Servicer" means the Department's Master Servicer who services Mortgage Backed Security based mortgage loans.

(3) "Servicer" means a loan servicer that has an agreement with the Department to provide mortgage loan servicing for individual Department Mortgage Loans.

(4) "Servicing" means the act of performing the duties of a Servicer with the department.

Or. Admin. Code § 813-020-0005

1HD 14, f. & ef. 10-3-77; 1HD 9-1984, f. & ef. 9-4-84; HSG 3-1989(Temp), f. & cert. ef. 6-8-89; HSG 10-1989, 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; HSG 4-1995, f. & cert. ef. 9-28-95; OHCS 8-2011(Temp), f. & cert. ef. 9-30-11 thru 3-27-12; OHCS 1-2012, f. & cert. ef. 3-27-12; OHCS 46-2024, temporary amend filed 11/04/2024, effective 11/4/2024 through 5/2/2025

Statutory/Other Authority: ORS 456.555

Statutes/Other Implemented: ORS 456.555