OAR 629-022-0320: Interest Rate

Edition: Current OARD snapshotEffective: 2007-01-11Last verified: 2026-09-07

(1) The rate is 4.0 percent, simple interest. (2) The interest rate must be fixed when the Loan Program Contract is executed and may not change during the life of the contract.

Official history and status

Statutory/Other Authority: ORS 526.700 - 526.730 & 526.745

Statutes/Other Implemented: ORS 526.700 - 526.775

History: DOF 1-2009, f. 1-12-09, cert. ef 2-1-09 DOF 2-2007, f. 1-10-07 cert. ef. 1-11-07 Reverted to FB 4-1994, f. & cert. ef. 8-3-94 DOF 4-2006(Temp), f. & cert. ef. 5-2-06 thru 10-28-06 FB 4-1994, f. & cert. ef. 8-3-94

This rule cites

No citations extracted.

Cited by

OAR 629-022-0160: Loan Program Security Instrument
OAR 629-022-0200: Implementing the Project Plan; Payments
OAR 629-022-0220: Project Rates and Costs
OAR 629-022-0300: Repaying Trust Funds

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