ORS 716.566
Documents to be furnished by borrower in real estate loans


In loans upon real property, the borrower shall furnish the savings bank with:

(1)

A note or bond secured by a mortgage or deed of trust on the real estate upon which the loan is made; and

(2)

A policy of title insurance issued by a reliable title insurance company authorized to insure titles within the state in which the property is situated. [1973 c.797 §371f; 1985 c.554 §10]
Chapter 716

Atty. Gen. Opinions

Applicability of licensing and registration requirements under Bank Act to loan solicitation office operating in Oregon, (1985) Vol. 44, p 378


Source
Last accessed
May. 15, 2020