OAR 274-045-0471: Taxes, Hazard Insurance and Flood Insurance

Edition: Current OARD snapshotEffective: 2020-07-11Last verified: 2026-09-07

If delinquent taxes become a lien against the security, or the borrower fails to maintain the required insurance, the Director may pay the taxes or insurance and if so paid, will collect the amount paid by ODVA from the borrower through an escrow account per the provisions of OAR 274-045-0150.

Official history and status

Statutory/Other Authority: ORS 406.005 & 407.115

Statutes/Other Implemented: ORS 407.075 to 407.385; Oregon Constitution Article XI-A, Section 3

History: DVA 6-2020, amend filed 07/10/2020, effective 07/11/2020 DVA 1-2020, temporary amend filed 01/21/2020, effective 01/22/2020 through 07/10/2020 DVA 2-2005, f. & cert. ef. 4-22-05 DVA 10-2001, f. & cert. ef. 12-26-01

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Official source: https://secure.sos.state.or.us/oard/