OAR 813-043-0060
Fees
(1)
A lender receiving a loan guarantee shall be charged an annual fee up to .25 percent on the original loan balance. Payment shall be remitted to the Department not less than annually.(2)
If the guarantee coverage is less than the maximum 25 percent, then the fee will be reduced proportionally (e.g., a ten percent guarantee shall have an annual fee of ten percent). Line of credit guarantee fees shall be based on the total credit line.(3)
A non refundable extension fee shall be charged to extend a loan guarantee reservation. The fee shall be 25% of the estimated annual loan guarantee fee for every 180 days extension.(4)
A $100 non refundable assumption/transfer fee shall be charged when a loan is assumed or transferred and the loan guarantee is to remain in place.(5)
Fees collected by the Department shall be used for the Loan Guarantee Program operations including, but not limited to, funding a loan loss reserve.
Source:
Rule 813-043-0060 — Fees, https://secure.sos.state.or.us/oard/view.action?ruleNumber=813-043-0060.