Oregon Statutes 742.286 – Mortgage insurance; who may write
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All policies and contracts of insurance covering liens or security interests in real property shall be written by authorized mortgage insurers. No other class of insurer may write any form of mortgage insurance. [Formerly 743.711]
Terms Used In Oregon Statutes 742.286
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
[Formerly 743.720; repealed by 1993 c.265 § 14]
[Formerly 743.723; repealed by 1993 c.265 § 14]
SURETY INSURANCE