(1) Not later than July 31 of each year, each lender awarded moneys under ORS § 285B.787 shall, during the term of the written agreement entered into under ORS § 285B.791, provide a report to the Oregon Business Development Department, on a form prescribed by the department, for the period beginning on July 1 of the immediately preceding year and ending on June 30 of the current year.

(2) With respect to qualified loans made by the lender, the report shall include, but not be limited to, the following information:

(a) The number and total principal amount of all qualified loans made by the lender;

(b) For each qualified loan, the following information:

(A) The term and amortization of the loan; and

(B) The purpose of the loan;

(c) The number of loans that were declined and the primary reasons for declining them; and

(d) Any other information required under rules adopted by the department.

(3) With respect to qualified borrowers, the report shall set forth:

(a) The businesses that qualified borrowers conduct in this state;

(b) The cities and counties in which qualified borrowers use the qualified loan proceeds;

(c) The number of individuals employed by the qualified businesses;

(d) Demographic data voluntarily reported by qualified borrowers, including, but not limited to, whether a qualified business is owned by a woman, a minority individual, a veteran of any branch of the Armed Forces of the United States, the National Guard or other reserve component, a low income person or a person operating the business in a rural area of this state; and

(e) Outreach conducted by the lender to rural and underserved communities.

(4) The department may require any lender to include in the report financial information that is identifiable with, or from, the financial records of a borrower. [2021 c.676 § 5]

See note under 285B.780.

[2001 c.292 § 7; 2003 c.662 § 59; renumbered 285C.406 in 2003]