Oregon Administrative Rules
Chapter 274 - DEPARTMENT OF VETERANS' AFFAIRS
Division 20 - VETERANS' LOANS
Section 274-020-0322 - Requirements for Farm Applicants
Universal Citation: OR Admin Rules 274-020-0322
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Must complete the Department's farm income, experience, and expense form.
(2) Must have capital or an equivalent line of credit to cover development costs and one year's operating cost.
(3) Must show, to the satisfaction of the Director, that the farm portion of the loan security is capable of producing an annual income that will repay the loan allocated to the farm land and farm buildings.
Stat. Auth.: ORS 406 & ORS 407
Stats. Implemented: ORS 407.205, ORS 407.265 & ORS 407.385
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