ORS § 407.215

Current through 2024 Regular Session legislation effective April 17, 2024
Section 407.215 - Certain loans excludable from maximum loan amount

No applicant is entitled to borrow more than the maximum amount allowed under ORS 407.205 other than for reasons specified in ORS 407.205 except that when the property on which the loan was made becomes the property of the applicant's spouse as a result of a judgment declaring a marriage void or dissolved and the loan is repaid, or remains unrepaid and there is an assumption of primary liability on the loan by a party other than the applicant, the loan may be excluded from consideration in computing the maximum loan allowable under ORS 407.205.

ORS 407.215

Amended by 2019 Ch. 223,§ 11, eff. 1/1/2020.
Formerly 407.045; 2003 c. 576, § 440