ORS 407.490: Mortgage insurance claims; liability of department.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
After assignment transfer and delivery by the Department of Veterans’ Affairs of all rights in the insured property to the organization or person providing insurance, the department shall not be liable to any borrower for any claim or grievance arising out of the insurance agreement or the loan agreement. [1989 c.677 §4; 2005 c.625 §48] FINANCES
Administrative rules citing this section
- OAR 274-022-0005: Loan Cancellation Life Insurance — implements
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Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors407.html