Oregon Statutes - Chapter 708A - Regulation of Institutions Generally - Section 708A.365 - Obligations secured by life insurance policy values.

In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may make loans to and acquire obligations of a person not to exceed 10 percent of the Oregon commercial bank’s capital that are secured by a life insurance policy having a cash surrender value of not less than 100 percent of the amount of the obligations, plus an amount equal to one annual premium on the insurance policy. [1997 c.631 §158]

Section:  Previous  708A.330  708A.335  708A.340  708A.345  708A.350  708A.355  708A.360  708A.365  708A.370  708A.375  708A.400  708A.405  708A.410  708A.415  708A.420  Next

Last modified: August 7, 2008