Oregon Administrative Rules
Chapter 274 - DEPARTMENT OF VETERANS' AFFAIRS
Division 25 - VETERANS' LOAN PROGRAM 1990
Section 274-025-0060 - Hazard Insurance

Universal Citation: OR Admin Rules 274-025-0060
Current through Register Vol. 63, No. 9, September 1, 2024

The home securing a program loan shall be covered by hazard insurance, which meets the requirements of the rules and the Loan Origination Guide/Mortgage Brokers Loan Origination Guide. Such hazard insurance shall be in effect prior to purchase or funding of the program loan, and shall remain in effect for the term of the program loan. The ODVA shall be named as the mortgagee insured.

Publications: The publication(s) referred to or incorporated by reference in this rule are available from the agency.

Stat. Auth.: ORS 406.030, ORS 407.115, ORS 407.177, ORS 407.179& ORS 407.181

Stats. Implemented: ORS 407.155, ORS 407.165 & ORS 407.169

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