The revocation, suspension or surrender of any license shall not impair or affect the rights or obligations of any preexisting lawful contract between the licensee and any borrower. [Amended by 1955 c.71 § 11]

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Terms Used In Oregon Statutes 725.260

  • Contract: A legal written agreement that becomes binding when signed.
  • Licensee: means a person licensed under this chapter. See Oregon Statutes 725.010