OAR 274-020-0300: Cancellation of Application

(1) An applicant may cancel his application for a state veterans' loan at any time prior to receipt of the loan proceeds. (2) The Director may cancel any application if the applicant fails to comply with any of the conditions pertaining to the loan. (3) The Director may destroy any application 25 months after the veteran applicant is notified of action taken on an application (whether credit was approved or adverse action was taken).