1. (1) Funding by Oregon Department of Veterans’ Affairs (ODVA) of any loan is subject to the discretion of the Director of Veterans’ Affairs. In determining whether or not to fund any loan, the Director may consider factors, including, but not limited to the following:

   1. (a) Actual or projected cost of funds;
   2. (b) Any applicable federal tax or other law;
   3. (c) Availability and source of lendable funds;
   4. (d) Actual or projected conventional mortgage rates;
   5. (e) Actual or projected loan demand;
   6. (f) Loan purpose;
   7. (g) Eligibility of applicant;
   8. (h) Credit worthiness of applicant;
   9. (i) Adequacy of security for the loan.
2. (2) The Director may from time to time establish priorities and other requirements with respect to the granting of loans under this Division.

Statutory/Other Authority

ORS 406

Statutes/Other Implemented

ORS 407

History

DVA 2-2001, f. & cert. ef. 5-23-01