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2015 Oregon Revised Statutes
Volume : 16 - Financial Institutions, Insurance
Chapter 709 - Regulation of Trust Business
Section 709.050 - Trust companies depositing securities guaranteed by mortgage insurance and mortgage participation certificates.

OR Rev Stat § 709.050 (2015) What's This?

A trust company authorized to do a trust business in this state which is required to make any deposit of securities with any public official in order to do business in this state may deposit:

(1) Notes or bonds secured by mortgages or deeds of trust, payment of which are guaranteed by policies of mortgage insurance; and

(2) Mortgage participation certificates issued by a mortgage insurance company authorized to do business in this state in accordance with ORS 742.282 and 742.284.

[Amended by 1967 c.359 §703; 1973 c.797 §185; 1997 c.631 §205]

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