Or. Admin. R. 274-045-0471 - Taxes, Hazard Insurance and Flood Insurance
If delinquent taxes become a lien against the security, or the borrower fails to maintain the required insurance, the Director may pay the taxes or insurance and if so paid, will collect the amount paid by ODVA from the borrower through an escrow account per the provisions of OAR 274-045-0150.
Statutory/Other Authority: ORS 406.005 & 407.115
Statutes/Other Implemented: ORS 407.075 to 407.385; Oregon Constitution Article XI-A, Section 3
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