Or. Admin. Code § 441-505-3075
Current through Register Vol. 63, No. 11, November 1, 2024
Section 441-505-3075 - Existence of a Direct Benefit(1) The amount of money received from an obligation incurred by a borrower will be considered to be for the direct benefit of another person and will be attributed to the other person when the amount of money received is transferred to another person, or the assets purchased with the money received are transferred to another person.(2) This rule does not apply to bona fide transactions made in good faith where the money received from a loan obligation is used to acquire property, goods, or services.Or. Admin. Code § 441-505-3075
FCS 4-2009, f. & cert. ef. 8-7-09Stat. Auth.: ORS 706.790
Stat. Implemented: ORS 708A.295