Oregon Administrative Rules
Chapter 813 - OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT
Division 70 - HOME IMPROVEMENT LOAN PROGRAM
Section 813-070-0050 - Refusal of Program Loans; Disclosure

Universal Citation: OR Admin Rules 813-070-0050

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

(1) An Approved Lender shall proceed in good faith to process a Program Loan application and make the Program Loan if:

(a) Loan funds are available;

(b) The application is complete;

(c) The application appears to comply with the Program rules, the Program's Procedural Guide, and the rules and regulations of the Federal Housing Administration; and

(d) The applicant appears to be an Eligible Borrower.

(2) Any person who is refused a Program Loan by an Approved Lender may, in writing, demand a written explanation as to the specific reasons for the refusal. The Approved Lender shall comply with such demand within thirty business days.

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

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

Stats. Implemented: ORS 456.690

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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