Oregon Administrative Rules
813 - Oregon Housing and Community Services Department
Division 30 - ELDERLY HOUSING PROGRAM
813-030-0047 - Commitment Fee and Other Charges
ELDERLY HOUSING PROGRAM
Commitment Fee and Other Charges
(1) The Department shall charge a non-refundable Commitment fee up to two percent of the loan.
(2) The Eligible Borrower shall include the fee with the Eligible Borrower's signed acceptance of the Commitment returned to the Department.
(3) The Commitment fee shall not be deducted from the Borrower's equity requirement.
(4) The Department may charge other fees or charges, as needed, to cover the costs and reduce the financial risk to the Department's of issuing bonds.
Statutory/Other Authority: ORS 90.800 - 90.840, 91.886, 183, 456.515 - 456.723 & 458.210 - 458.650
Statutes/Other Implemented: ORS 456.515 - 456.720
OHCS 2-2007, f. & cert. ef. 1-11-07
HSG 8-1991, f. & cert. ef. 12-23-91
HSG 2-1991(Temp), f. & cert. ef. 8-7-91
HSG 11-1989, f. & cert. ef. 11-3-89
HSG 3-1989(Temp), f. & cert. ef. 6-8-89
HSG 7-1987, f. & ef. 3-10-87
HSG 3-1987(Temp), f. & ef. 2-5-87
1HD 11-1984, f. & ef. 9-4-84