OAR 813-020-0035: Locking Loans
Edition: Current OARD snapshotEffective: 2025-04-16Last verified: 2026-09-07
(1) An Approved Lender may Lock Mortgage Loans (also known as “reserving funds”). A “Lock” reserves funds available for the purchase of Mortgage Loans under the Program. (2) Locks are on a first-come-first-served loan by loan basis. (3) Details regarding Locks are available in the Oregon Bond and Flex Lending FirstHome Guideline Manual located on the Department’s website.
Official history and status
Statutory/Other Authority: ORS 456.555
Statutes/Other Implemented: ORS 456.555
History: OHCS 20-2025, amend filed 04/16/2025, effective 04/16/2025 OHCS 46-2024, temporary amend filed 11/04/2024, effective 11/04/2024 through 05/02/2025 OHCS 1-2012, f. & cert. ef. 3-27-12 OHCS 8-2011(Temp), f. & cert. ef. 9-30-11 thru 3-27-12 HSG 4-1995, f. & cert. ef. 9-28-95 HSG 8-1991, f. & cert. ef. 12-23-91 HSG 2-1991(Temp), f. & cert. ef. 8-7-91 HSG 10-1989, f. & cert. ef. 11-3-89 HSG 3-1989(Temp), f. & cert. ef. 6-8-89 1HD 9-1984, f. & ef. 9-4-84 1HD 14, f. & ef. 10-3-77
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Official source: https://secure.sos.state.or.us/oard/