Or. Admin. R. 274-045-0260 - Title Insurance

Each loan shall be covered by a title insurance policy issued in American Land Title Association (ALTA) form by a title insurer licensed by the State of Oregon. Such policy shall be in an amount at least equal to the outstanding principal balance of the program loan. The benefits of the policy shall run to the ODVA as either named insured or assignee. The policy shall not be subject to any exceptions or conditions other than those previously approved by the ODVA.

[The Form referenced in this rule is not printed in the OAR compilation. Copies are available from the agency.]

Notes

Or. Admin. R. 274-045-0260
DVA 2-2001, f. & cert. ef. 5-23-01

Stat. Auth.: ORS 406.030, ORS 407.115, ORS 407.177, ORS 407.179& ORS 407.181

Stats. Implemented: ORS 407

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