Or. Admin. Code § 813-038-0035 - Fees
(1) A
non-refundable Application charge, as specified from time to time by the
Department, is due and payable by the Eligible Borrower upon submission of the
Application.
(2) A non-refundable
loan processing charge, as specified from time to time by the Department is due
and payable by the Eligible Borrower upon the sooner of the closing of the Loan
or 90 days after the Borrower's acceptance of the Commitment.
(3) If the Borrower determines the need for
an extension of the Loan, it must request and justify the extension to the
Department in writing in advance of the loan maturity date.
(4) Should the Department determine, in its
sole discretion, that an extension of the loan term is warranted, the
Department may grant the extension subject to such additional conditions and an
extension charges as it deems appropriate.
Notes
Statutory/Other Authority: ORS 183.341, 456.555(2) & 456.625(12)
Statutes/Other Implemented: ORS 456.561, 456.574, 456.620 & 456.625
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