Deed or contract clauses prohibiting application for deferral are void
- • reverse mortgage prohibition
(1) A clause or statement in a mortgage trust deed or land sale contract executed after September 9, 1971, that prohibits the owner from applying for deferral of homestead property taxes provided in ORS 311.666 (Definitions for ORS 311.666 to 311.701) to 311.701 (Senior Property Tax Deferral Revolving Account) is void.
(2) A homestead on which amounts deferred under ORS 311.666 (Definitions for ORS 311.666 to 311.701) to 311.701 (Senior Property Tax Deferral Revolving Account) remain outstanding may not be pledged as security for a reverse mortgage by any person. [1971 c.572 §7; 1977 c.160 §8; 2011 c.723 §16]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.