Or. Admin. Code § 123-092-0080

Current through Register Vol. 64, No. 1, January 1, 2025

Section 123-092-0080 - Servicing, Amendments and Modifications

(1) All loans shall be monitored by, and all loan repayments shall be made to, the Department.

(2) It is the responsibility of the borrower to ensure that the Department receives its payment by the due date.

(3) Any request for modification or amendment to any loan condition including extension of payments shall be made in writing to the Department and approved or declined by the Chair of the Finance Committee, or the Director for loans with a principal balance of $250,000 or less.

Or. Admin. Code § 123-092-0080

OBDD 2-2019, adopt filed 01/07/2019, effective 1/7/2019; OBDD 9-2019, minor correction filed 07/10/2019, effective 7/10/2019; OBDD 6-2023, temporary amend filed 04/12/2023, effective 4/12/2023 through 10/8/2023

Statutory/Other Authority: ORS 285B.092 & OL Ch 71 2018

Statutes/Other Implemented: OL Ch 71 2018