Or. Admin. Code § 629-022-0410 - Remedies for Breach of Contract
Remedies for Breach of Loan Program Contract
(1) The Landowner must pay liquidated damages
for a breach of contract by repaying all Trust funds, with interest as
calculated in OAR 629-022-0300(2).
(2) At any time Forest Products are harvested
in breach of contract, the Landowner must pay liquidated damages in the form of
a breach penalty.
(3) In addition
to any other right as provided by law, the State Forester may assign a
liquidated and delinquent account, as defined by the Oregon Accounting Manual,
to the Department of Revenue or to a private collection agency.
(4) The breach penalty in section (2) of this
rule may include a reasonable administrative fee to recover the cost of
collection services and other related costs, as described in ORS
293.231 through
293.250.
Notes
Stat. Auth.: ORS 526.700 - 526.730 & 526.745
Stats. Implemented: ORS 526.695 - 526.775
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