Skip to main content
Find a Lawyer

Oregon Revised Statutes Privileges and Benefits of Veterans and Service Personnel § 407.195

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) The Director of Veterans' Affairs shall identify each farm or home loan made under this chapter with moneys from the Oregon War Veterans' Fund which, at the current rate of payment by the borrower, is not being amortized or will not be fully amortized by the agreed to date.

(2) The director shall notify each borrower making payments on a loan identified under subsection (1) of this section that, at the current rate of payment, the loan principal will not be fully paid by the final payment date. The notice shall also include:

(a) The current principal balance.

(b) The current monthly principal and interest payment.

(c) The estimated monthly principal and interest payment necessary to reduce the principal balance to zero by the agreed to date.

(d) The estimated time remaining until the obligation is fully paid at the current payment level and the difference between that time and the agreed to date.

(3) The notice required under this section shall be made a part of the annual statement to borrowers for the calendar year 1989 and thereafter.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Oregon Revised Statutes Privileges and Benefits of Veterans and Service Personnel § 407.195 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-33-privileges-and-benefits-of-veterans-and-service-personnel/or-rev-st-sect-407-195/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard