Late charges authorized for periodic payments
When a periodic installment payment due under a loan agreement or purchase contract made pursuant to this section and ORS 407.169 (Escrow accounts) or under a prior agreement or contract authorizing a late charge is not received by the Department of Veterans’ Affairs by the due date, the department may impose a late charge with respect to any such payment as prescribed in ORS 86.160 (Definitions for ORS 86.160 to 86.185) to 86.185 (ORS 86.160 to 86.185 not applicable to certain loans). [1989 c.580 §3; 1997 c.40 §1; 2005 c.625 §39]
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