Section 407.505 - Loan moneys to be reserved for borrower prior to loan commitment.

OR Rev Stat § 407.505 (2019) (N/A)
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(2) Moneys in the Oregon War Veterans’ Fund Direct Commitment Reserve Account shall be reserved as loan proceeds for an applicant under subsection (1) of this section and may not be used for any other purpose unless the applicant cancels the application for the loan prior to receipt of the loan proceeds. [Formerly 407.035; 2005 c.625 §50]