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3 chapters · 172 sections in this title.
ORS 407.075 Purpose; legislative intent
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(1) The provisions of this chapter are intended to carry out the purposes of Article XI-A of the Oregon Constitution. The Legislative Assembly recognizes that its authority to define the scope and purpose of this chapter is limited by the purposes expressed in Article XI-A. (2) T…
ORS 407.085 Definitions
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As used in this chapter: (1) “Acquisition” means the purchase, improvement or refinancing of a home or farm or the payment of down payments or closing costs for such purposes. (2) “Bonds” includes, but is not limited to, serial bonds, term bonds, notes, obligations, lines of cred…
ORS 407.087 Definition of “veteran.”
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(1) As used in Article XI-A of the Oregon Constitution and this chapter, “veteran” means a person who: (a) Served on active duty with the Armed Forces of the United States: (A) For a period of more than 90 consecutive days beginning on or before January 31, 1955, and was discharg…
ORS 407.095 Policy against foreclosure; rules
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(1) It is the policy of the State of Oregon to make every reasonable attempt to keep a veteran in the home purchased under the loan program when the veteran is unable to make required loan payments because of illness, injury, death, involuntary job loss or economic stress due to …