Or. Admin. R. 813-022-0035 – Reservation of Funds | Midpage

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Oregon Administrative Rules

Rule 0035

Or. Admin. R. 813-022-0035

Reservation of Funds

Effective Apr 16, 2025ORS 456.555 | Statutes/Other Implemented: ORS 456.555Oregon Housing and Community Services Department

(1) An Approved Lender may reserve funds (also known as “locking a loan”).
(2) Funds are reserved on a first-come-first-served loan by loan basis.
(3) Details regarding reservation of funds is available in the OHCS Flex Lending Program's NextStep Product Guideline Manual.

Statutory/Other Authority

ORS 456.555

Statutes/Other Implemented

ORS 456.555

History

OHCS 20-2025, amend filed 04/16/2025, effective 04/16/2025
OHCS 47-2024, temporary amend filed 11/04/2024, effective 11/04/2024 through 05/02/2025
OHCS 45-2024, renumbered from 813-022-0030, filed 11/01/2024, effective 11/01/2024
OHCS 1-2023, adopt filed 02/06/2023, effective 02/08/2023