SB676: Relating to veterans' loans for acquisition of real property.
Legislative Summary
Limits the interest rate to no more than the prime rate plus one percent for loans advanced under the veterans' home and farm loan program. (Flesch Readability Score: 66.4). Limits the interest rate to no more than the prime rate plus one percent for loans advanced under the veterans' home and farm loan program. Appropriates moneys from the General Fund to the Department of Veterans' Affairs for deposit in the Oregon War Veterans' Fund, for the biennium beginning July 1, 2025, to be used to advance loans to qualified veterans for the acquisition of farms and homes.
Demographic Impact
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