Oregon Code § 370.200·Enacted ·Last updated March 01, 2026
Statute Text
Loan
of redemption funds.
Whenever there are sufficient funds on hand in the bond redemption fund, the
county treasurer with the approval of the county court may loan any money in
the bond redemption fund, secured by first mortgage on improved real estate
within the county at six percent interest per year. All applications for such
loans shall be made in writing to the county treasurer, shall state the amount
of the loan applied for and the security offered and shall be numbered
consecutively as received and passed upon by the county court. The county court
shall require an abstract of title of property and a written opinion from the
district attorney of the county concerning the validity of the title of the
lands offered as security. The county court may authorize or reject any loan.
No loan shall be made in excess of 50 percent of the assessed valuation of the
property offered as security. No expense shall be incurred by the county in
loaning any such funds.
Plain English Explanation
This Oregon statute addresses Loan
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 370.200
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Loan
. 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 § 370.200. Use this format in legal documents and court filings.
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