OAR 629-022-0160
Loan Program Security Instrument

(1)

The Landowner may be required by the State Forester to provide good and sufficient collateral to secure repayment of all funds paid to the Landowner from the Trust.

(2)

Collateral must be in the form of a a general lien upon all Forest Products grown or growing within the Project boundary or boundaries and proceeds derived therefrom as specified in ORS 526.740 (Lien for moneys payable to trust by forestland owner).

(3)

Costs and fees related to the collateral and the security instrument, such as title policy premiums and escrow fees, must be paid from Trust funds but may not be used to determine final payback amounts described in OAR 629-022-0300 (Repaying Trust Funds) through 629-022-0320 (Interest Rate). These costs and fees are subject to repayment following a breach of contract.

Source: Rule 629-022-0160 — Loan Program Security Instrument, https://secure.sos.state.or.us/oard/view.action?ruleNumber=629-022-0160.

629‑022‑0030
Purpose and Trust Responsibilities 629‑022‑0035
Applicability 629‑022‑0040
Definitions 629‑022‑0050
Project Criteria 629‑022‑0060
Donations to the Trust Fund 629‑022‑0070
Carbon Offsets 629‑022‑0080
State Forester Exceptions to these Rules 629‑022‑0110
Trust Funds — Eligibility 629‑022‑0120
Applying for Trust Funds 629‑022‑0130
Loan Program — Project Plan 629‑022‑0140
Approval of a Proposed Project 629‑022‑0150
Loan Program Contract 629‑022‑0160
Loan Program Security Instrument 629‑022‑0200
Implementing the Project Plan 629‑022‑0210
Landowner Obligations 629‑022‑0220
Project Rates and Costs 629‑022‑0230
Resource Management Professional Fees 629‑022‑0250
Life of the Contract 629‑022‑0300
Repaying Trust Funds 629‑022‑0320
Interest Rate 629‑022‑0380
Catastrophe 629‑022‑0390
Adequately Stocked Forest Stand 629‑022‑0400
Trust Administration — Landowner Breach of Loan Program Contract 629‑022‑0410
Remedies for Breach of Loan Program Contract 629‑022‑0800
Cost-Share Program — Scope 629‑022‑0810
Cost-Share Program Approval 629‑022‑0820
Cost-Share Program Plan and Landowner Obligations 629‑022‑0830
Cost-Share Program Payment Procedures 629‑022‑0840
Breach of Cost-Share Program Practice Plan 629‑022‑0850
Cost-Share Program: Special Circumstances

Last Updated

Jun. 8, 2021

Rule 629-022-0160’s source at or.us

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Location: https://oregon.public.law/rules/oar_629-022-0160

Original Source: Rule 629-022-0160 — Loan Program Security Instrument, https://secure.sos.state.or.us/oard/view.action?ruleNumber=629-022-0160 (last accessed Jun. 8, 2021).