Or. Admin. R. 813-110-0021 – Reservation in Lieu of Certification

(1) For a reservation granted under OAR 813-110-0025:
1. (a) The reservation is valid for 240 days and is subject to extension by OHCS at its sole discretion; and
2. (b) Is a confirmed reservation unless the lending institution modifies the original letter of intent or there is a failure to comply with material terms of the reservation.
(2) A sponsor that furnishes OHCS a firm commitment of financing prior to the expiration of a reservation is eligible, subject to other program requirements, for issuance of a certification.
(3) A sponsor that has a reservation issued shall notify OHCS of any change in the lending institution as well as any failure to comply with a material term of the reservation.

ORS 317.097 & ORS 456.515-456.725

ORS 317.097

OHCS 27-2024, amend filed 08/27/2024, effective 09/02/2024
OHCS 20-2024, temporary amend filed 05/31/2024, effective 05/31/2024 through 11/26/2024
OHCS 21-2022, amend filed 08/30/2022, effective 09/09/2022
OHCS 36-2014, f. & cert. ef. 12-2-14
OHCS 22-2013, f. & cert. ef. 12-18-13
OHCS 9-2013(Temp), f. & cert. ef. 6-21-13 thru 12-18-13
OHCS 5-2008, f. & cert. ef. 4-11-08
OHCS 14-2007(Temp), f. & cert. ef. 10-16-07 thru 4-12-08
OHCS 7-2006, f. & cert. ef. 5-17-06
HSG 2-1995, f. & cert. ef. 9-25-95
HSG 7-1994, f. & cert. ef. 9-9-94
HSG 3-1992, f. & cert. ef. 2-4-92
HSG 6-1991(Temp), f. & cert. ef. 11-5-91