OAR 274-045-0125
Rental


The Director may approve the rental of a security, that has been occupied by the veteran. The Director, when determining whether to approve the rental of a home that serves as security for an ODVA 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 was and is appropriately used as the principal residence of the borrower(s).

(3)

The financial integrity of the loan program.

(4)

Any potential decreases 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 as his/her principal residence.
[Publications: Publications referenced are available from the agency.]
274‑045‑0001
Definitions for OAR 274-045-0001 to 274-045-0481
274‑045‑0005
Purpose and Objectives
274‑045‑0010
Eligibility Requirements
274‑045‑0015
Authority to Protect the Security
274‑045‑0020
Who May Apply for Loan
274‑045‑0025
Evidence Required to Establish Eligibility
274‑045‑0030
Modification of Application
274‑045‑0035
Cancellation of Application
274‑045‑0040
Security for the Loan
274‑045‑0045
Legal Description of Property Offered as Security
274‑045‑0050
Appraisal of Property
274‑045‑0060
Terms of Loan
274‑045‑0070
Interest
274‑045‑0080
Approval of the Loan
274‑045‑0085
Loan Funding
274‑045‑0090
Grounds for Refusing to Make a Loan
274‑045‑0100
Evidence of Title
274‑045‑0110
Escrow Closing of Loans
274‑045‑0120
Transfer of Ownership
274‑045‑0125
Rental
274‑045‑0130
Modification of Mortgage
274‑045‑0140
Temporary Reduction of Payments
274‑045‑0145
Loan Cancellation Life Insurance
274‑045‑0150
Property Tax Amortization and Escrow Accounting
274‑045‑0160
Partial Release of Security
274‑045‑0170
Confidential Nature of Information Submitted by the Borrower
274‑045‑0180
Confidential Nature of Information Procured by the Director
274‑045‑0190
Disclosure of Information and Fees
274‑045‑0200
Director’s Decisions Control in All Controversies
274‑045‑0205
Review of Loan Determinations and Other Decisions
274‑045‑0220
Fees
274‑045‑0230
Approved Lenders
274‑045‑0240
Loan Requirements
274‑045‑0250
Reservation of Funds and Commitments
274‑045‑0260
Title Insurance
274‑045‑0270
Hazard Insurance
274‑045‑0280
Flood Insurance
274‑045‑0401
Purpose and Objectives
274‑045‑0411
Definitions
274‑045‑0421
Interest Rate
274‑045‑0431
Approval of Veterans’ Home Improvement Loans
274‑045‑0441
Terms and Requirements of Veterans’ Home Improvement Loans
274‑045‑0451
Appraisal of Property
274‑045‑0461
Transfer of Ownership
274‑045‑0471
Taxes, Hazard Insurance and Flood Insurance
274‑045‑0481
Title Insurance
Last Updated

Jun. 8, 2021

Rule 274-045-0125’s source at or​.us