Oregon Revised Statutes Chapter 716 § 716.568 — Requirement of insurance for loan secured by mortgage, trust deed or other
Oregon Revised Statutes Chapter 716 ·
Oregon Code § 716.568·Enacted ·Last updated March 01, 2026
Statute Text
Requirement of insurance for loan secured by mortgage, trust deed or other
instrument on real estate.
If a loan is secured by mortgage, deed of trust or other similar instrument on
real estate, the mortgage, deed of trust or other instrument shall contain
provisions requiring the maintenance of insurance on the buildings on the
premises to the reasonable amount as stipulated in the mortgage, deed of trust
or other instrument. The policy shall be payable, in case of loss, to the
savings bank and shall be deposited with the savings bank except where the
savings banks interest is insured under a blanket policy of insurance. [1973
c.797 §371g; 1985 c.554 §11]
Plain English Explanation
This Oregon statute addresses Requirement of insurance for loan secured by mortgage, trust deed or other
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 716.568
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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