Or. Admin. Code § 813-020-0035 - Locking Loans

(1) An Approved Lender may Lock Mortgage Loans (also known as "reserving funds"). A "Lock" reserves funds available for the purchase of Mortgage Loans under the Program.
(2) Locks are on a first-come-first-served loan by loan basis.
(3) Details regarding Locks are available in the Oregon Bond and Flex Lending FirstHome Guideline Manual located on the Department's website.

Notes

Or. Admin. Code § 813-020-0035
1HD 14, f. & ef. 10-3-77; 1HD 9-1984, f. & ef. 9-4-84; HSG 3-1989(Temp), f. & cert. ef. 6-8-89; HSG 10-1989, f. & cert. ef. 11-3-89; HSG 2-1991(Temp), f. & cert. ef. 8-7-91; HSG 8-1991, f. & cert. ef. 12-23-91; HSG 4-1995, f. & cert. ef. 9-28-95; OHCS 8-2011(Temp), f. & cert. ef. 9-30-11 thru 3-27-12; OHCS 1-2012, f. & cert. ef. 3-27-12; OHCS 46-2024, temporary amend filed 11/04/2024, effective 11/4/2024 through 5/2/2025; OHCS 20-2025, amend filed 04/16/2025, effective 4/16/2025

Statutory/Other Authority: ORS 456.555

Statutes/Other Implemented: ORS 456.555

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