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Oregon Revised Statutes Privileges and Benefits of Veterans and Service Personnel § 407.265

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

(1) An applicant for a loan solely for the improvement of a home or farm may receive the loan if:

(a) The applicant has not previously received a loan under this chapter;

(b) The applicant has received a loan under this chapter for the acquisition of that home or farm for which there is an unpaid balance and repayment has been satisfactory; or

(c) The applicant has previously received a loan under this chapter and there is no unpaid balance remaining on that loan.

(2) Any loan made to an applicant who qualifies under subsection (1)(b) of this section for a loan solely for the improvement of a home or farm may be added to the amount due from the applicant and shall bear interest at the rate prescribed in ORS 407.325.

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Cite this article: FindLaw.com - Oregon Revised Statutes Privileges and Benefits of Veterans and Service Personnel § 407.265 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-33-privileges-and-benefits-of-veterans-and-service-personnel/or-rev-st-sect-407-265/

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