Oregon § 716.564 Investment in notes or bonds secured by mortgages or trust deeds to finance real estate development

Oregon Statutes

§ 716.564 — Investment in notes or bonds secured by mortgages or trust deeds to finance real estate development

Oregon § 716.564

Vol.18

Title 53Financial Institutions

Ch. 716Savings Banks

This text of Oregon § 716.564 (Investment in notes or bonds secured by mortgages or trust deeds to finance real estate development) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 716.564 (2026).

Text

A savings bank may invest the funds mentioned in ORS 716.410 in notes or bonds secured by a mortgage, deed of trust or other instrument for the purpose of financing the acquisition and development of land for primarily commercial, industrial or residential usage. A loan may be made on real estate which is to be improved with the developments to be paid for from the proceeds of the loan if the proceeds will be used for that purpose.

Free access — add to your briefcase to read the full text and ask questions with AI

A savings bank may invest the funds mentioned in ORS 716.410 in notes or bonds secured by a mortgage, deed of trust or other instrument for the purpose of financing the acquisition and development of land for primarily commercial, industrial or residential usage. A loan may be made on real estate which is to be improved with the developments to be paid for from the proceeds of the loan if the proceeds will be used for that purpose.