For the servicing of any residential, manufactured dwelling, manufactured dwelling park or manufactured dwelling park nonprofit cooperative loan made or acquired by the Housing and Community Services Department under ORS 456.515 to 456.725 and ORS chapter 458 the department may:
(1) Provide for servicing of the loan by its own staff.
(2) Contract with the Director of Veterans’ Affairs for the performance of servicing functions for the loan.
(3) For loans purchased by the department under ORS 456.635, contract with the lending institution selling such loans or any other lending institution for the servicing of such loans, subject to such terms and conditions as the department considers necessary to protect the interests of the department in such loans. The department may provide for the payment of such fees for servicing performed by a lending institution under this subsection as it considers necessary. [1973 c.828 §23; 1979 c.60 §8; 1979 c.327 §15; 1995 c.79 §266; 2007 c.607 §21]
Section: Previous 456.680 456.685 456.690 456.692 456.695 456.697 456.700 456.705 456.710 456.715 456.717 456.720 456.722 456.723 456.725 NextLast modified: August 7, 2008