The following definitions and those in ORS Chapters 456 and 458 apply to OAR Chapter 822, unless the context indicates otherwise, or the term is otherwise defined in a subsequent division:
- (1) “Approved Lender” is a mortgage lender that is authorized by Oregon law to originate mortgage loans in the state and has executed an agreement to provide mortgage loans to the Department.
- (2) "Department's Servicer" means the loan servicer that has an agreement with the Department to provide mortgage loan servicing.
Statutory/Other Authority
ORS 456.555
Statutes/Other Implemented
ORS 456.555
History
OHCS 1-2023, adopt filed 02/06/2023, effective 02/08/2023