Oregon Statutes 716.574 – Purchase of real estate sale contract as loan; authority to acquire contracts
Current as of: 2023 | Check for updates
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(1) The purchase of a bona fide contract covering a sale of real estate is a loan on real estate within the meaning of ORS § 716.552 to 716.574.
Terms Used In Oregon Statutes 716.574
- Contract: A legal written agreement that becomes binding when signed.
(2) A savings bank may acquire contracts covering a sale of real estate if all other requirements of ORS § 716.552 to 716.574 are satisfied. [1973 c.797 § 371i; 1985 c.554 § 12]
[1959 c.185 § 9; repealed by 1973 c.797 § 428]
[1973 c.797 § 372; 1979 c.88 § 29; 1981 c.192 § 30; repealed by 1985 c.554 § 13]