Oregon Revised Statutes Chapter 86 § 86.020 — Covenant to pay money not implied
Oregon Revised Statutes Chapter 86 ·
Oregon Code § 86.020·Enacted ·Last updated March 01, 2026
Statute Text
Covenant to pay money not implied.
No mortgage shall be construed as implying a covenant for the payment of the
sum thereby secured. When there is no express covenant for such payment
contained in the mortgage, and no bond or other separate instrument to secure
such payment shall have been given, the remedies of the mortgagee shall be
confined to the lands mentioned in the mortgage.
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 86.020
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Covenant to pay money not implied. 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 § 86.020. Use this format in legal documents and court filings.
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