Oregon Statutes 407.595 – Loans not subject to execution or assignment
No right, payment or proceeds of any loan made under ORS § 407.125 or statutes supplementary thereof shall be subject to garnishment, attachment or execution or the claim of any creditor; nor shall any such right or payment be capable of assignment except as may be necessary for completion of any loan applied for and then only under such rules and regulations as may be prescribed by the Department of Veterans’ Affairs. [Formerly 407.110; 2005 c.625 § 54]
Terms Used In Oregon Statutes 407.595
- Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
- Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
[Repealed by 1967 c.421 § 206]
[Amended by 1953 c.106 § 2; repealed by 1967 c.421 § 206]
[Repealed by 1967 c.421 § 206]
[Repealed by 1967 c.421 § 206]
[Repealed by 1967 c.421 § 206]
[Repealed by 1953 c.106 § 2]
[Repealed by 1953 c.106 § 2]
[Amended by 1967 c.421 § 202; repealed by 1971 c.743 § 432]