Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 60 - DISABLED HOUSING PROGRAM
Section 813-060-0047 - Commitment Fee
Universal Citation: OR Admin Rules 813-060-0047
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The Department shall charge a nonrefundable Commitment fee up to two percent of the loan amount.
(2) The Eligible Borrower shall include the fee with the Sponsor's Eligible Borrower's signed acceptance of the Commitment returned to the Department.
(3) The Department may charge other fees or charges, as needed, to cover the costs and reduce the financial risk to the Department of issuing Bonds.
Stat. Auth.: ORS 456.555
Stats. Implemented: ORS 456.555 & 456.625
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