Reserved Loans

The Department may reserve up to 20 percent of all moneys available for lending in the ORF on July 1 of each fiscal year for loans during the fiscal year that begins on that day to applicants who are individuals or for which a majority of whose owners are individuals considered to have low to moderate household income and low to moderate personal net worth, as defined by the Department, and who operate businesses: (1) Controlled and with at least 51 percent ownership interest by minorities (as defined by the Department), women, or honorably discharged veterans; or (2) That are located outside of the Portland, Oregon, Metropolitan Statistical Area. Statutory/Other Authority: ORS 285B.092 & OL Ch 71 2018 Statutes/Other Implemented: ORS 285B.092 & OL Ch 71 2018 History: OBDD 6-2023, temporary amend filed 04/12/2023, effective 04/12/2023 through 10/08/2023 OBDD 13-2019, amend filed 09/04/2019, effective 09/04/2019 OBDD 2-2019, adopt filed 01/07/2019, effective 01/07/2019