Oregon Statutes 478.875 – Remedies for breach of loan contract
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If a borrower fails to comply with a contract entered into under ORS § 478.865, the city or district may seek appropriate legal remedies to secure any repayment due the loan fund created by ORS § 478.855. [1995 c.725 § 8]
Terms Used In Oregon Statutes 478.875
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Contract: A legal written agreement that becomes binding when signed.
- District: means a rural fire protection district proposed to be organized or organized under, or subject to, this chapter. See Oregon Statutes 478.001
See note under 478.840.