Oregon Administrative Rules
Chapter 274 - DEPARTMENT OF VETERANS' AFFAIRS
Division 20 - VETERANS' LOANS
Section 274-020-0349 - Loan Funding
Universal Citation: OR Admin Rules 274-020-0349
Current through Register Vol. 63, No. 3, March 1, 2024
(1) Funding by Oregon Department of Veterans' Affairs (ODVA) of any loan is subject to the discretion of the Director of Veterans' Affairs. In determining whether or not to fund any loan, the director may consider factors, including, but not limited to the following:
(a) actual or
projected cost of funds;
(b) any
applicable federal tax or other law;
(c) availability and source of lendable
funds;
(d) actual or projected
conventional mortgage rates;
(e)
actual or projected loan demand;
(f) loan purpose;
(g) eligibility of applicant;
(h) credit worthiness of applicant;
(i) adequacy of security for the
loan.
(2) The director may from time to time establish priorities and other requirements with respect to the granting of loans under this Division.
Stat. Auth.: ORS 406
Stats. Implemented: ORS 407
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