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Oregon Revised Statutes Privileges and Benefits of Veterans and Service Personnel § 407.327

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

(1) The Department of Veterans' Affairs may prescribe fixed or variable rates on the following:

(a) Loans or purchase contracts made after September 27, 1987, for acquisition of homes or farms.

(b) Obligations on loans or purchase contracts made on or before September 27, 1987, where ownership of the property subject to the loan or purchase contract is transferred after September 27, 1987.

(2) The department may modify loan agreements or purchase contracts made before September 27, 1987, by changing fixed interest rates to variable or variable interest rates to fixed, if all the parties to such loan agreements or contracts agree in writing to such modification.

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Cite this article: FindLaw.com - Oregon Revised Statutes Privileges and Benefits of Veterans and Service Personnel § 407.327 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-33-privileges-and-benefits-of-veterans-and-service-personnel/or-rev-st-sect-407-327/

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