OAR 813-080-0055


The issuer may revoke a Mortgage Credit Certificate when the certificate holder no longer occupies the single-family residence to which the Mortgage Credit Certificate relates as a Principal Residence. Mortgage Credit Certificates shall not transfer with the property.


A Mortgage Credit Certificate may be revoked if it is found the certificate Holder did not meet the program requirements for a Mortgage Credit Certificate when certified.


Upon revocation the issuer shall notify the certificate holder and the Internal Revenue Service in writing of the revocation.
Last Updated

Jun. 8, 2021

Rule 813-080-0055’s source at or​.us