Or. Admin. Code § 274-020-0360
Current through Register Vol. 63, No. 11, November 1, 2024
Section 274-020-0360 - Disbursement of Loan Funds(1) When a veteran is purchasing or refinancing, the loan funds may be disbursed when the loan is closed.(2) When construction is involved and the property complies with the definition of a home, the loan funds may be disbursed after the loan is closed, but disbursement is limited to the maximum percentage permitted by statute of the net appraised value.Or. Admin. Code § 274-020-0360
DVA 22, f. 11-15-57, ef. 11-14-57; DVA 39, f. 5-27-71, ef. 6-25-71; DVA 2-1978, f. & ef. 12-1-78; DVA 1-2020, temporary amend filed 01/21/2020, effective 01/22/2020 through 07/10/2020; DVA 5-2020, amend filed 07/10/2020, effective 7/11/2020Statutory/Other Authority: ORS 406.005 & 407.115
Statutes/Other Implemented: ORS 407.075 to 407.385; Oregon Constitution Article XI-A, Section 3