1. (1) The rate is 4.0 percent, simple interest.
2. (2) The interest rate must be fixed when the Loan Program Contract is executed and may not change during the life of the contract.

Statutory/Other Authority

ORS 526.700 - 526.730 & 526.745

Statutes/Other Implemented

ORS 526.700 - 526.775

History

DOF 1-2009, f. 1-12-09, cert. ef 2-1-09
DOF 2-2007, f. 1-10-07 cert. ef. 1-11-07
Reverted to FB 4-1994, f. & cert. ef. 8-3-94
DOF 4-2006(Temp), f. & cert. ef. 5-2-06 thru 10-28-06
FB 4-1994, f. & cert. ef. 8-3-94