Or. Admin. R. 274-013-0060 - Administrative Review

(1) Any Person adversely affected by a Department determination with respect to this Program, unless controlled by relevant loan documents, may request review of such determination by the Department's Director. The Director, or the Director's designee, will undertake such review as he or she deems appropriate. The Director, or the Director's designee will endeavor to provide a written response within 30 days of receipt of the requested review.

(2) Any request for modification of any provision with respect to a Program loan must be made in writing to the Department. No Program loan modification or waiver of any term shall be effective unless in a signed writing by the Director.

(3) If the Director consents to any requested modification, the Department may require the Borrower to pay for related costs, including but not limited to all costs of modifying or amending any loan documents, filings, recordings or financing statements.

Notes

Or. Admin. R. 274-013-0060

DVA 6-2008, f. 9-30-08, cert. ef. 10-1-08

Stat. Auth.: 2008 OL Ch. 18 & ORS 406.005

Stats. Implemented: 2008 OL Ch. 18