OAR 813-125-0051: Third Party Administrator Fees & Changes

In the event of a Third Party Administrator, the Department may establish a longer term contract and the Third Party Administrator may establish a loan fee structure for loans delivered under a lon-term contract with the Department. The Department may engage in a long term contract with targeted performance outcomes allowing for contract termination earlier if necessary. However, if performing, a long term contract is preferred due to the high front end costs and the long term capital needs of ECE providers and affordable housing developers, the Third Party Administrator may establish a loan fee structure and an application fee to support the ongoing administration of loans delivered under the CARE program.