ORS 478.875: Remedies for breach of loan contract.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
If a borrower fails to comply with a contract entered into under ORS 478.865, the city or district may seek appropriate legal remedies to secure any repayment due the loan fund created by ORS 478.855. [1995 c.725 §8]
Official history and status
History: Note: See note under 478.840.
This rule cites
- ORS 478.865 — resolved
- ORS 478.855 — resolved
Cited by
- ORS 478.840: Definitions for ORS 478.845 to 478.875.
- ORS 478.845: Revenue bonds authorized for fire safety systems.
- ORS 478.850: Sources of bond payment restricted.
- ORS 478.855: Loan fund created from bond proceeds; other sources for fund.
- ORS 478.860: Standards for eligibility for loans for fire safety systems.
- ORS 478.865: Loan contract; repayment plan; terms and conditions.
- ORS 478.870: Powers granted to enforce loan contracts and secure payment of bonds; reserve fund.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors478.html