Oregon Revised Statutes Chapter 456 § 456.627 — Limitations on department to make single-family residential loans
Oregon Revised Statutes Chapter 456 ·
Oregon Code § 456.627·Enacted ·Last updated March 01, 2026
Statute Text
Limitations on department to make single-family residential loans.
Notwithstanding the provisions of
ORS 456.625 (7) and except for loans made solely to provide assistance with
down payments or closing costs, the Housing and Community Services Department
may not make any single-family residential loan directly to any individual
unless the Legislative Assembly or Emergency Board finds that private lending
institutions are unwilling or unable to participate in the departments
single-family residential loan programs or portions of those programs under ORS
Plain English Explanation
This Oregon statute addresses Limitations on department to make single-family residential loans. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 456.627
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Limitations on department to make single-family residential loans. Read the full statute text above for details.
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The formal citation is Oregon Code § 456.627. Use this format in legal documents and court filings.
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