Or. Admin. R. ch. 123, div. 300 – Community Lender Loan Loss Account Program | Midpage

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Oregon Administrative Rules

Division 300

Or. Admin. R. ch. 123, div. 300

Community Lender Loan Loss Account Program

Oregon Business Development Department

0001Purpose and Scope 0101Definitions 0201Authority to Implement the Program 0301Lender Eligibility and Award Procedure 0401Agreement 0501Establishing a Loan Loss Reserve Account; State Transfer of Award funds to Account 0601Ownership, Control, Investment of Loan Loss Reserve Account 0701Loan Eligibility 0801Procedure for Enrollment of a Qualified Loan 1001Procedure for Making Claim for Reimbursement of Loss & Prioritization of Recovered Proceeds 1101Reimbursement of Claims from Loan Loss Reserve Account 1201Recovery on Loan Subsequent to Payment of Claims 1301Assignment of Enrolled Loan to Department 1401Reporting 1501Termination of Continued Loan Enrollment, Repayment of Balance, and Withdrawal from the Program 1601Disposition of Funds Withdrawn from Loan Loss Reserve Accounts 1701Inspection of Files and Record Retention 1901Release of Lender from Agreement and Use of Balance in Account