OAR 813-010-0051: Loan Security

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

Notwithstanding any other provision contained in the Program rules, the Department shall not disburse funds for a Loan until: (1) The Loan is secured by a fully executed trust deed note and trust deed or other evidence of security. (2) The Eligible Borrower has satisfied all conditions contained in the Commitment.

Official history and status

Statutory/Other Authority: ORS 183, 456.515 - 456.725 & 458.210 - 458.650

Statutes/Other Implemented: ORS 456.555 & 456.625

History: OHCS 3-2007, f. & cert. ef. 1-11-07 HSG 8-1991, f. & cert. ef. 12-23-91 HSG 2-1991(Temp), f. & cert. ef. 8-7-91 HSG 8-1989, f. & cert. ef. 11-3-89 HSG 3-1989(Temp), f. & cert. ef. 6-8-89 HSG 6-1987, f. & ef. 3-10-87 1HD 8-1984, f. & ef. 9-4-84 1HD 2-1979, f. & ef. 6-29-79

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Cited by

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