Oregon Statutes - Chapter 86 - Mortgages; Trust Deeds - Section 86.210 - Types of lender security protection provisions allowed.

A lender may require a lenderís security protection provision under ORS 86.205 to 86.275 either as a direct reduction provision, an escrow account, or a pledge of an interest-bearing savings account in an amount not to exceed the maximum amount which a lender may require a borrower to deposit in a lenderís security protection provision under ORS 86.240 and bearing interest at a rate not less than the rate required on lenderís security protection provisions by ORS 86.245. [1975 c.337 §2; 1987 c.577 §1]

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Last modified: August 7, 2008