OAR 340-176-0060
Loan Guarantee Certificate


In accordance with this part, the Department shall issue a loan guarantee certificate to an applicant who has filed a complete application and meets the requirements of OAR 340, division 172 and this Division.


Only one loan guarantee certificate shall be issued for each facility location. All tanks at a facility location shall be covered by the loan guarantee certificate.


An applicant may receive a loan guarantee certificate for more than one facility location.


The loan applicant may not assign any right, title, and interest in the loan guarantee certificate to any person other than a subsequent property owner, tank owner or permittee of the underground storage tank facility.


Loan guarantee certificates shall be valid for one year from the date of issue. A certificate may be renewed subject to availability of funds from the USTCCA fund.

Source: Rule 340-176-0060 — Loan Guarantee Certificate, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-176-0060.

Last Updated

Jun. 8, 2021

Rule 340-176-0060’s source at or​.us