Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 60 - DISABLED HOUSING PROGRAM
Section 813-060-0025 - Loan Security
Universal Citation: OR Admin Rules 813-060-0025
Current through Register Vol. 63, No. 3, March 1, 2024
Notwithstanding any other provision contained in the Program rules, the Department shall not disburse funds for a loan until:
(1) The loan is secured by a fully executed trust deed note and first lien trust deed or other evidence of security; and
(2) The Eligible Borrower has satisfied all conditions contained in a Commitment.
Stat. Auth.: ORS 456.555
Stats. Implemented: ORS 456.555 & 456.625
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