{"data":{"id":"us-or/ors-708a.300","jurisdiction":"us-or","citation":"ORS 708A.300","heading":"Obligations secured by readily marketable collateral.","body":"In addition to obligations permitted under ORS 708A.295, an Oregon commercial bank may make loans to or acquire other obligations of a person, not to exceed 10 percent of its capital, if:\n      (1) The loans or obligations are fully secured by readily marketable collateral having a market value that may be determined by reliable and continuously available price quotations;\n      (2) The market value is at least 15 percent greater than the amount of the obligation at the time it is incurred; and\n      (3) The market value is at all times while the obligation is outstanding at least 100 percent of the balance of principal, interest and other charges applicable to the obligation.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 708A — Regulation of Institutions Generally"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors708A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"0475281798754912e001b2d5b8982cb69f94f44ee065f4701af3aaf81d51dda1","source_id":"us-or","stale":false,"prev":"us-or/ors-708a.295","next":"us-or/ors-708a.305"},"notice":"GroundRules: Original legal text. Not legal advice."}