OAR 813-070-0050
Refusal of Program Loans; Disclosure

(1)

An Approved Lender shall proceed in good faith to process a Program Loan application and make the Program Loan if:

(a)

Loan funds are available;

(b)

The application is complete;

(c)

The application appears to comply with the Program rules, the Program’s Procedural Guide, and the rules and regulations of the Federal Housing Administration; and

(d)

The applicant appears to be an Eligible Borrower.

(2)

Any person who is refused a Program Loan by an Approved Lender may, in writing, demand a written explanation as to the specific reasons for the refusal. The Approved Lender shall comply with such demand within thirty business days.
[Publications: Publications referenced are available from the agency.]

Source: Rule 813-070-0050 — Refusal of Program Loans; Disclosure, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-070-0050.

Last Updated

Jun. 8, 2021

Rule 813-070-0050’s source at or​.us