Oregon Statutes - Chapter 407 - Veterans Loans - Section 407.480 - Definitions for ORS 407.480 to 407.490.

As used in ORS 407.480 to 407.490:

(1) “Insurance” means any mortgage guarantee or mortgage insurance against financial loss by reason of:

(a) Collection activity;

(b) Foreclosure; or

(c) Foreclosure by the Department of Veterans’ Affairs under ORS 407.135.

(2) “Mortgage” includes a trust deed. [1989 c.677 §2; 2005 c.625 §46]

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Last modified: August 7, 2008