ORS § 716.566

Current through 2024 Regular Session legislation effective June 6, 2024

Section 716.566 - Documents to be furnished by borrower in real estate loans

In loans upon real property, the borrower shall furnish the savings bank with:

(1) A note or bond secured by a mortgage or deed of trust on the real estate upon which the loan is made; and

(2) A policy of title insurance issued by a reliable title insurance company authorized to insure titles within the state in which the property is situated.

ORS 716.566

1973 c.797 §371f; 1985 c.554 §10