Oregon § 716.568 Requirement of insurance for loan secured by mortgage, trust deed or other instrument on real estate

Oregon Statutes

§ 716.568 — Requirement of insurance for loan secured by mortgage, trust deed or other instrument on real estate

Oregon § 716.568

Vol.18

Title 53Financial Institutions

Ch. 716Savings Banks

This text of Oregon § 716.568 (Requirement of insurance for loan secured by mortgage, trust deed or other instrument on real estate) 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. § 716.568 (2026).

Text

If a loan is secured by mortgage, deed of trust or other similar instrument on real estate, the mortgage, deed of trust or other instrument shall contain provisions requiring the maintenance of insurance on the buildings on the premises to the reasonable amount as stipulated in the mortgage, deed of trust or other instrument. The policy shall be payable, in case of loss, to the savings bank and shall be deposited with the savings bank except where the savings bank’s interest is insured under a blanket policy of insurance.

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

If a loan is secured by mortgage, deed of trust or other similar instrument on real estate, the mortgage, deed of trust or other instrument shall contain provisions requiring the maintenance of insurance on the buildings on the premises to the reasonable amount as stipulated in the mortgage, deed of trust or other instrument. The policy shall be payable, in case of loss, to the savings bank and shall be deposited with the savings bank except where the savings bank’s interest is insured under a blanket policy of insurance.