Oregon Business Development Department
Chapter 123
Division 92
Small Business Expansion Loan Fund (Oregon Royalty Fund)
123-092-0080
Servicing, Amendments and Modifications
(1) All loans shall be monitored by, and all loan repayments shall be made to, the Department.
(2) It is the responsibility of the borrower to ensure that the Department receives its payment by the due date.
(3) Any request for modification or amendment to any loan condition including extension of payments shall be made in writing to the Department and approved or declined by the Chair of the Finance Committee, or the Director for loans with a principal balance of $250,000 or less.
Statutory/Other Authority: ORS 285B.092 & OL Ch 71 2018
Statutes/Other Implemented: OL Ch 71 2018
History:
OBDD 6-2023, temporary amend filed 04/12/2023, effective 04/12/2023 through 10/08/2023
OBDD 9-2019, minor correction filed 07/10/2019, effective 07/10/2019
OBDD 2-2019, adopt filed 01/07/2019, effective 01/07/2019