OAR 274-020-0381
Rental


The Director may approve the rental of a security, defined as a first lien interest of a home or farm, that has been occupied by the veteran as long as the rental shall not affect the tax exempt status of bonds issued by the Department. The Director, when determining whether to approve the rental of a home or farm that serves as security for a Department Loan, may consider the following factors including but not limited to the following:

(1)

The effect on the tax-exempt status of bonds issued under Article XI-A of the Oregon Constitution.

(2)

Whether the home or farm was and is appropriately used as the principal residence of the borrower(s).

(3)

The financial integrity of the loan program.

(4)

Any potential decrease in the value of the security.

(5)

The impact on remedies available under the loan documents.

(6)

Whether or not there has been or will be any material change in the borrower’s/spouse’s employment.

(7)

The dissolution or annulment of the borrower’s marriage.

(8)

A significant geographical relocation by the borrower.

(9)

Any unusual hardship for the borrower(s).

(10)

The borrower(s) ability to maintain the home or farm as his or her principal residence.
274‑020‑0200
Definitions for OAR 274-020-0200–274-020-0450
274‑020‑0241
Authority to Protect the Security
274‑020‑0260
Who May Apply for Loan
274‑020‑0265
Evidence Required to Establish Eligibility
274‑020‑0266
Eligibility to Apply
274‑020‑0270
Forms and Signature
274‑020‑0280
Number of Applications Permitted
274‑020‑0285
Additional Loans
274‑020‑0290
Second Loans
274‑020‑0295
Modification of Application
274‑020‑0300
Cancellation of Application
274‑020‑0305
Filing Period
274‑020‑0310
Evidence of Acquisition
274‑020‑0315
Evidence of Construction
274‑020‑0322
Requirements for Farm Applicants
274‑020‑0325
Security for the Loan
274‑020‑0330
Legal Description of Property Offered as Security
274‑020‑0335
Appraisal of Property
274‑020‑0340
Terms of Loan
274‑020‑0341
Interest Rates for Loans
274‑020‑0342
Interest Rate on Assumptions by Eligible Veterans
274‑020‑0343
Interest Rates on Loans Secured by Property Transferred to Non-Veterans
274‑020‑0344
Fixed Interest Rate
274‑020‑0345
Approval of the Loan
274‑020‑0348
Grounds for Refusing to Make a Loan
274‑020‑0349
Loan Funding
274‑020‑0350
Evidence of Title
274‑020‑0355
Escrow Closing of Loans
274‑020‑0360
Disbursement of Loan Funds
274‑020‑0375
Lost, Stolen, or Destroyed Warrants or Checks
274‑020‑0380
Transfer of Ownership
274‑020‑0381
Rental
274‑020‑0382
Interest Rate Payable When Property Transferred Back to Original Borrower
274‑020‑0385
Modification of Mortgage
274‑020‑0386
Temporary Reduction of Payments
274‑020‑0387
Reamortization of Loans
274‑020‑0388
Property Tax Amortization and Escrow Accounting
274‑020‑0391
Discount for Early Payoff
274‑020‑0395
Partial Release of Security
274‑020‑0405
Confidential Nature of Information Submitted by the Borrower
274‑020‑0410
Confidential Nature of Information Procured by the Director
274‑020‑0411
Disclosure of Information and Fees
274‑020‑0420
Director’s Decisions Control in All Controversies
274‑020‑0421
Review of Loan Determinations and Other Decisions
274‑020‑0430
Effect
274‑020‑0440
Fees
274‑020‑0445
Assumption of Loan by Eligible Veteran
274‑020‑0450
Due on Sale
Last Updated

Jun. 8, 2021

Rule 274-020-0381’s source at or​.us