Oregon Code § 731.178·Enacted ·Last updated March 01, 2026
Statute Text
Mortgage
insurance.
Mortgage
insurance means insurance against financial loss by reason of:
(1) Nonpayment of
principal, interest and other sums agreed to be paid under the terms of an
obligation secured by a mortgage, deed of trust or other instrument
constituting a lien or charge on real or personal property; or
(2) Nonpayment of
rent and other sums agreed to be paid under the terms of a written lease for
the possession, use or occupancy of real property, such insurance also being
referred to in the Insurance Code as lease insurance. [1967 c.359 §39; 1969
c.692 §1]
Plain English Explanation
This Oregon statute addresses Mortgage
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 731.178
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Mortgage
. 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 § 731.178. Use this format in legal documents and court filings.
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