(2) A loan may exceed the limitations prescribed in subsection (1) of this section if the borrower furnishes the savings bank with a copy of an agreement entered into with a financially responsible person wherein the person agrees to refinance or repurchase, without recourse, the entire loan:
(a) Upon completion of the construction, if the loan is a construction loan; or
(b) Within six months from the date of the loan, if the loan is not a construction loan. [Formerly 716.500]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Section 716.028 - Application for authority to organize; fee; contents.
Section 716.040 - Articles of incorporation; contents.
Section 716.050 - Approval of articles; certificate of incorporation; filing.
Section 716.055 - Creation of guaranty and expense funds.
Section 716.060 - Maintenance of guaranty fund or liquidation account.
Section 716.070 - Expense fund.
Section 716.080 - Issuance of charter.
Section 716.100 - Effect of failure to complete organization; liabilities.
Section 716.120 - Conditions precedent to transaction of business.
Section 716.135 - Amendment of articles of incorporation.
Section 716.145 - Form and content of articles of amendment.
Section 716.160 - Restated articles of incorporation; procedure; contents.
Section 716.185 - Registered agent; registered office.
Section 716.187 - Changes in registered office or agent.
Section 716.190 - Resignation of registered agent; discontinuance of registered office.
Section 716.195 - Service of process on Oregon savings bank.
Section 716.205 - Salaries of certain directors.
Section 716.210 - Number and qualifications of directors.
Section 716.320 - Removal of director; vacation of director’s office.
Section 716.420 - Permitted investments.
Section 716.441 - Investments in equipment trust certificates.
Section 716.450 - Investments in certain obligations.
Section 716.540 - Investments in obligations of reconstruction and development banks.
Section 716.545 - Investments in bonds of Dominion of Canada.
Section 716.566 - Documents to be furnished by borrower in real estate loans.
Section 716.574 - Purchase of real estate sale contract as loan; authority to acquire contracts.
Section 716.584 - Limitations on single loans on real estate; exceptions.
Section 716.586 - Credit card transactions.
Section 716.590 - Miscellaneous investments; conditions.
Section 716.600 - Relationship to powers of federal savings banks.
Section 716.610 - General powers; licensing as insurance producer; rules.
Section 716.626 - Certificates indicating contribution to guaranty or expense funds.
Section 716.630 - Real estate held for use as place of business.
Section 716.780 - Crediting portion of net earnings to guaranty fund.
Section 716.790 - Computation of guaranty fund.
Section 716.800 - Repayment of contributions made to expense fund and guaranty fund.
Section 716.900 - Voluntary dissolution of Oregon nonstock banks; priority of payment.
Section 716.905 - Notice of intention to close; disposition of unclaimed deposits.