ORS 407.480: Definitions for ORS 407.480 to 407.490.

Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07

As used in ORS 407.480 to 407.490: (1) “Insurance” means any mortgage guarantee or mortgage insurance against financial loss by reason of: (a) Collection activity; (b) Foreclosure; or (c) Foreclosure by the Department of Veterans’ Affairs under ORS 407.135. (2) “Mortgage” includes a trust deed. [1989 c.677 §2; 2005 c.625 §46]

Administrative rules citing this section

OAR 274-022-0005: Loan Cancellation Life Insurance — implements

This rule cites

ORS 407.480 — resolved
407.490 — resolved
ORS 407.135 — resolved

Cited by

No inbound citations found.

Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors407.html