OAR 813-060-0025: Temporarily suspended until 01/08/2027. This rule language is not currently in effect. Loan Security
Edition: Current OARD snapshotEffective: 2026-07-13Last 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 first lien trust deed or other evidence of security; and (2) The Eligible Borrower has satisfied all conditions contained in a Commitment.
Official history and status
Statutory/Other Authority: ORS 456.555
Statutes/Other Implemented: ORS 456.555 & 456.625
History: OHCS 19-2026, temporary suspend filed 07/13/2026, effective 07/13/2026 through 01/08/2027 OHCS 5-2007, f. & cert. ef. 1-11-07 HSG 6-1996, f. & cert. ef. 6-14-96 Reverted to HSG 8-1991, f. & cert. ef. 12-23-91 HSG 4-1993(Temp), f. & cert. ef. 10-1-93 HSG 8-1991, f. & cert. ef. 12-23-91 HSG 2-1991(Temp), f. & cert. ef. 8-7-91 HSG 15-1989, f. & cert. ef. 11-3-89 HSG 3-1989(Temp), f. & cert. ef. 6-8-89 HSG 10-1987, f. & ef. 3-10-87 HSG 4-1987(Temp), f. & ef. 2-5-87 1HD 13-1984, f. & ef. 9-4-84 1HD 10-1982, f. & ef. 12-14-82 1HD 6-1982(Temp), f. & ef. 9-20-82
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Official source: https://secure.sos.state.or.us/oard/