Oregon Statutes - Chapter 722 - Savings Associations - Section 722.334 - Secured and unsecured loans related to real property; advance of credit for manufactured dwelling financing or home construction; loans to certain subsidiaries.

A savings association may invest its assets in:

(1) Loans, with or without security, for the alteration, repair or improvement of real property;

(2) Loans, with or without security, for the equipping or furnishing of residential property;

(3) Loans, advances of credit and the purchase of obligations representing loans and advances of credit for the purpose of financing the sale or purchase of manufactured dwellings; and

(4) Advances of credit for the purpose of financing the construction of residential property.

(5) Loans to nonservice corporation subsidiaries not to exceed two percent of association assets provided that the association controls a majority of the shares of voting stock of the subsidiary. [1975 c.582 §102; 1979 c.863 §9a]

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Last modified: August 7, 2008