Oregon Statutes 407.131 – Discount of principal; rules
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The Department of Veterans’ Affairs, by rule, may discount a portion of the principal payable to the department in connection with a home or farm loan or in connection with a purchase contract for a home or farm if such action results in economic benefit to the home and farm loan program after considering the time value of money. [1987 c.509 § 4; 2005 c.625 § 19]
Terms Used In Oregon Statutes 407.131
- Contract: A legal written agreement that becomes binding when signed.
- Home: includes real property connected to a residential structure, including any long-term leasehold and any outbuildings. See Oregon Statutes 407.085