OAR 813-080-0055
Revocation


(1)

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.

(2)

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.

(3)

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

Source: Rule 813-080-0055 — Revocation, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=813-080-0055 (accessed May 26, 2025).

May 26, 2025

Rule 813-080-0055's source at or​.us