- (1) When a Loss Reserve Account is domiciled with the Participating Financial Institution, the Participating Financial Institution shall provide the Department with a monthly statement providing details of the balance and the payments and receipts activity in the Loss Reserve Account for the prior month.
- (2) On or before January 15, April 15, July 15, and October 15 of each year, a Participating Financial Institution must file a quarterly report with the Department providing a complete list of Enrolled Loans and indicating the outstanding balance of each of its Enrolled Loans.
- (3) When a Participating Financial Institution computes the aggregate outstanding balance of all its Enrolled Loans, it may only consider the balance of the portion of a loan enrolled in the Program.
Statutory/Other Authority
ORS 285A.075 & 285B.115(3)
Statutes/Other Implemented
ORS 285B.115
History
OBDD 6-2012, f. & cert. ef. 6-1-12
OBDD 9-2011(Temp), f. & cert. ef. 12-19-11 thru 6-15-12
EDD 8-2005, f. & cert. ef. 10-24-05
EDD 11-1992, f. & cert. ef. 8-18-92
Reverted to EDD 3-1991, f. & cert. ef. 4-17-91
EDD 15-1991(Temp), f. & cert. ef. 10-31-91
EDD 3-1991, f. & cert. ef. 4-17-91
EDD 27-1990(Temp), f. & cert. ef. 10-16-90