Oregon Revised Statutes Chapter 348 § 348.505 — to 348.530 and 348.570 for the amount of the principal and interest due
Oregon Revised Statutes Chapter 348 ·
Oregon Code § 348.505·Enacted ·Last updated March 01, 2026
Statute Text
to 348.530 and 348.570 for the amount of the principal and interest due
on the loan and the State of Oregon shall be named as the beneficiary. If the
borrower dies before repaying the loan, the insurance shall be used to pay the
balance of the loan and the director shall issue a satisfaction of the
obligation.
(3) The Oregon
Department of Administrative Services shall procure bids for the purchasing of
insurance in compliance with the laws governing the purchase and furnishing of
services to state agencies. [Formerly 348.620; 2011 c.637 §177; 2013 c.747 §121;
2017 c.66 §50]
Note:
Plain English Explanation
This Oregon statute addresses to 348.530 and 348.570 for the amount of the principal and interest due
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 348.505
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses to 348.530 and 348.570 for the amount of the principal and interest due
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 348.505. Use this format in legal documents and court filings.
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