Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 30 - ELDERLY HOUSING PROGRAM
Section 813-030-0047 - Commitment Fee and Other Charges

Universal Citation: OR Admin Rules 813-030-0047

Current through Register Vol. 63, No. 9, September 1, 2024

(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.

Stat. Auth.: ORS 90.800 - 90.840, 91.886, 183, 456.515 - 456.723 & 458.210 - 458.650

Stats. Implemented: ORS 456.515 - 456.720

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