Delinquent loans will be managed in accordance with ORS 470.170 and subject to the Department’s collection procedures, including but not limited to: (a) written demand, (b) collection of late fees, (c) acceleration of the amount due, (d) action against a guarantor or (e) any other legal remedy available to the Department.

Statutory/Other Authority

ORS 469.040 & 470.080 & 470.140

Statutes/Other Implemented

ORS 470.050 & 470.815

History

DOE 13-2012, f. & cert. ef. 12-20-12