Oregon § 731.178 “Mortgage insurance.”

Oregon Statutes

§ 731.178 — “Mortgage insurance.”

Oregon § 731.178

Vol.18

Title 56Insurance

Ch. 731Administration and General Provisions

This text of Oregon § 731.178 (“Mortgage insurance.”) 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. § 731.178 (2026).

Text

“Mortgage insurance” means insurance against financial loss by reason of:

(1)Nonpayment of principal, interest and other sums agreed to be paid under the terms of an obligation secured by a mortgage, deed of trust or other instrument constituting a lien or charge on real or personal property; or

(2)Nonpayment of rent and other sums agreed to be paid under the terms of a written lease for the possession, use or occupancy of real property, such insurance also being referred to in the Insurance Code as “lease insurance.”

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“Mortgage insurance” means insurance against financial loss by reason of:
(1) Nonpayment of principal, interest and other sums agreed to be paid under the terms of an obligation secured by a mortgage, deed of trust or other instrument constituting a lien or charge on real or personal property; or
(2) Nonpayment of rent and other sums agreed to be paid under the terms of a written lease for the possession, use or occupancy of real property, such insurance also being referred to in the Insurance Code as “lease insurance.”