OAR 340-178-0060
Interest Rate Payment Confirmation

The Department shall issue an interest rate payment confirmation letter to a lender where the lender has provided a loan to provide UST project work where:

(1)

A reduced interest rate certificate has been issued to the loan applicant;

(2)

The borrower’s interest rate and the lender’s interest rate meet the requirements of these rules;

(3)

The maturity date of the loan does not exceed 20 years from the initial loan closing date;

(4)

The commercial lending institution has approved the loan, subject to receiving the loan guarantee confirmation letter from the Department; and

(5)

The lender’s interest rate has been provided to the Department.

Source: Rule 340-178-0060 — Interest Rate Payment Confirmation, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-178-0060.

Last Updated

Jun. 8, 2021

Rule 340-178-0060’s source at or​.us