Veterans' home improvement loans will be processed using current industry standards determined by the Department to be applicable to the proposed loan as they relate to the borrower's ability and willingness to repay and the borrower having required funds for closing. Applicable industry standards may include, but are not limited to, local lending practices, FannieMae and other lending organization standards, and federal and state legal requirements.

Statutory/Other Authority

ORS 407.115 & 407.265

Statutes/Other Implemented

ORS 407.115, 407.145, 407.225, 407.265 & 407.325

History

DVA 6-2005, f. & cert. ef. 10-24-05
DVA 6-1997, f. & cert. ef. 10-22-97