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2025 Oregon Revised Statutes
Volume : 13 - Housing, Games, Environment
Chapter 456 - Housing
Section 456.627 - Limitations on department to make single-family residential loans.
Universal Citation:
OR Rev Stat § 456.627 (2025)
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Notwithstanding the provisions of ORS 456.625 (7) and except for loans made solely to provide assistance with down payments or closing costs, the Housing and Community Services Department may not make any single-family residential loan directly to any individual unless the Legislative Assembly or Emergency Board finds that private lending institutions are unwilling or unable to participate in the department’s single-family residential loan programs or portions of those programs under ORS 456.548 to 456.828. [1981 c.504 §12; 1995 c.79 §253; 2023 c.193 §17]
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