Oregon Code § 733.640·Enacted ·Last updated March 01, 2026
Statute Text
Lending funds; limitations on loans.
(1) Funds of an insurer may be invested in loans secured by pledges of
obligations and stocks eligible for investment under ORS 733.510 to 733.780. As
of the date the loan is made, it shall not exceed in amount 80 percent of the
market value of the collateral pledged. No such loan shall be made for the
purpose of providing funds to purchase or carry stocks registered on a national
securities exchange.
(2) Funds of an
insurer may be invested in loans secured by personal property or fixtures if
such loan is:
(a) In connection
with a loan on the security of real property or a leasehold as provided in ORS
Plain English Explanation
This Oregon statute addresses Lending funds; limitations on loans. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 733.640
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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