Or. Admin. Code § 274-020-0335

Current through Register Vol. 63, No. 11, November 1, 2024

Section 274-020-0335 - Appraisal of Property

(1) An appraisal shall be made to assist in establishing the loan value only after a complete application has been received.

(2) On farms, the loan value allowable on the principal home unit portion of the property shall not exceed the amount needed for a maximum home loan.

Or. Admin. Code § 274-020-0335

DVA 22, f. 11-15-57, ef. 11-14-57; DVA 3-1980, f. & ef. 7-1-80; DVA 3-1990, f. & cert. ef. 5-1-90

Stat. Auth.: ORS 406.030, ORS 407.115 & ORS 407.225(3)

Stats. Implemented: ORS 407.115 & ORS 407.225