These rules and regulations shall have the effect of law and shall be binding in all instances on persons making application for a loan under Article XI-A of the Oregon Constitution and ORS 407.075 to 407.595, but if any part of the regulations are found to be void or illegal, the illegality shall not affect the remaining provisions of the rules and regulations.
Or. Admin. Code § 274-020-0430
Stat. Auth.: ORS 406
Stats. Implemented: ORS 406 & 407