2017 ORS 716.574¹
Purchase of real estate sale contract as loan
  • authority to acquire contracts

(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 (Investments in notes or bonds secured by real estate mortgages or trust deeds) to 716.574 (Purchase of real estate sale contract as loan).

(2) A savings bank may acquire contracts covering a sale of real estate if all other requirements of ORS 716.552 (Investments in notes or bonds secured by real estate mortgages or trust deeds) to 716.574 (Purchase of real estate sale contract as loan) are satisfied. [1973 c.797 §371i; 1985 c.554 §12]

Chapter 716

Atty. Gen. Opinions

Applicability of licensing and registra­tion require­ments under Bank Act to loan solicita­tion office operating in Oregon, (1985) Vol. 44, p 378

1 Legislative Counsel Committee, CHAPTER 716—Savings Banks, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors716.­html (2017) (last ac­cessed Mar. 30, 2018).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2017, Chapter 716, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ano716.­html (2017) (last ac­cessed Mar. 30, 2018).
 
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.