(1) The Foreclosure Avoidance Fund is established in the State Treasury, separate and distinct from the General Fund. The Foreclosure Avoidance Fund consists of moneys the Attorney General collects or receives for the purpose of paying the expenses of coordinating a program to implement the provisions of ORS § 86.726, 86.729, 86.732 and 86.736 and to pay related expenses. The moneys in the fund are continuously appropriated to the Attorney General for the purposes of paying the expenses of coordinating a program to implement ORS § 86.726, 86.729, 86.732 and 86.736 and paying related expenses.

Terms Used In Oregon Statutes 86.744

  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100

(2) The Attorney General may receive moneys for the purposes set forth in subsection (1) of this section from any public or private source. [2012 c.112 § 4; 2013 c.304 § 8]

 

[1959 c.625 § 7; 1961 c.616 § 4; 1965 c.457 § 4; 1983 c.719 § 5; 1985 c.817 § 3; 2003 c.251 § 4; 2009 c.510 § 2; 2010 c.28 1,2; 2011 c.510 1,6; renumbered 86.771 in 2013]

 

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