If delinquent taxes become a lien against the security, or the borrower fails to maintain the required insurance, the Director may pay the taxes or insurance and if so paid, will collect the amount paid by ODVA from the borrower through an escrow account per the provisions of OAR 274-045-0150.

Statutory/Other Authority

ORS 406.005 & 407.115

Statutes/Other Implemented

ORS 407.075 to 407.385; Oregon Constitution Article XI-A, Section 3

History

DVA 6-2020, amend filed 07/10/2020, effective 07/11/2020
DVA 1-2020, temporary amend filed 01/21/2020, effective 01/22/2020 through 07/10/2020
DVA 2-2005, f. & cert. ef. 4-22-05
DVA 10-2001, f. & cert. ef. 12-26-01