Or. Admin. Code § 813-350-0060 - Fees

(1) A nonrefundable fee of $250.00 must be submitted with each request for a loan and/or lease guarantee.

(2) A lender, sponsor or leasing company receiving a loan or lease guarantee will be charged, and must pay, an annual fee of one percent of the guaranteed amount. Payment shall be remitted to the Department not less than annually as designated by the Department. All fees are nonrefundable.

(3) Line of credit guarantee fees will be based by the Department, and charged, on the total credit line.

(4) The Department may charge other fees, as determined necessary or appropriate by the Department to cover actual and anticipated costs of a guarantee including, without limitation, its issuance and its evaluation, or to reduce the financial risk to the Department of making a guarantee.

Notes

Or. Admin. Code § 813-350-0060

OHCS 2-2003, f. & cert. ef. 5-1-03

Stat. Auth.: ORS 183, ORS 456.555(2) & ORS 456.625(12)(16)

Stats. Implemented: ORS 456.515 - ORS 456.725