- (1) The Department shall charge a non-refundable Commitment fee up to two percent of the loan.
- (2) The Eligible Borrower shall include the fee with the Eligible Borrower's signed acceptance of the Commitment returned to the Department.
- (3) The Commitment fee shall not be deducted from the Borrower's equity requirement.
- (4) The Department may charge other fees or charges, as needed, to cover the costs and reduce the financial risk to the Department's of issuing bonds.
Statutory/Other Authority
ORS 90.800 - 90.840, 91.886, 183, 456.515 - 456.723 & 458.210 - 458.650
Statutes/Other Implemented
ORS 456.515 - 456.720
History
OHCS 2-2007, f. & cert. ef. 1-11-07
HSG 8-1991, f. & cert. ef. 12-23-91
HSG 2-1991(Temp), f. & cert. ef. 8-7-91
HSG 11-1989, f. & cert. ef. 11-3-89
HSG 3-1989(Temp), f. & cert. ef. 6-8-89
HSG 7-1987, f. & ef. 3-10-87
HSG 3-1987(Temp), f. & ef. 2-5-87
1HD 11-1984, f. & ef. 9-4-84