2019 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 087 - Statutory Liens
Section 87.202 - Statement of account of foreclosure sale.
(1) A person that forecloses a lien created under ORS 87.152 to 87.162 by sale shall file a statement of account that the person verifies by oath with the recording officer of the county in which the sale took place if:
(a) The chattel sold at the foreclosure sale has a fair market value of $1,000 or more; or
(b) The chattel sold at the foreclosure sale is an animal that bears a brand or other mark recorded with the State Department of Agriculture under ORS chapter 604.
(2) The statement of account required under subsection (1) of this section must show:
(a) The amount of the lien claim and the cost of foreclosing the lien;
(b) A copy of the published or posted notice of foreclosure sale;
(c) The amount received for the chattel sold at the sale; and
(d) The name of each person that received proceeds from the foreclosure sale as described in ORS 87.206 and the amount each person received.
(3) A person that files a statement of account under this section shall send a copy of the statement by registered or certified mail to the last-known address of the owner of the chattel sold at the foreclosure sale. If the chattel sold at a foreclosure sale is an animal that bears a brand or other mark recorded with the State Department of Agriculture under ORS chapter 604, a person that files a statement of account under this section shall send a copy of the statement to the State Department of Agriculture. [1975 c.648 §13; 2005 c.86 §2; 2013 c.206 §1]
