OAR 274-028-0030
Transfer of Ownership

(1)

The director may declare all veterans’ home improvement loan sums to be immediately due and payable if all or part of the security is sold or otherwise transferred by the borrower to anyone other than those qualified persons identified in ORS 407.275 (Terms of loan to veteran and transferee).

(2)

The director shall be notified in writing by the borrower of any transfer of ownership or right to possess the security, including to those qualified persons identified in ORS 407.275 (Terms of loan to veteran and transferee), that is used as security for a home improvement loan with ODVA.

(3)

The provisions of OAR 274-020-0380 (Transfer of Ownership)(2), (3), (4) and (5) apply to any transfer on a veterans’ home improvement loan.

Source: Rule 274-028-0030 — Transfer of Ownership, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=274-028-0030.

Last Updated

Jun. 8, 2021

Rule 274-028-0030’s source at or​.us