Oregon Statutes 312.150 – Effect of failure to give notice to lienholder when requested
Current as of: 2023 | Check for updates
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If a tax collector, after receiving a request for notice of tax foreclosure as provided in ORS § 312.140, fails to give the notice, the failure shall not invalidate the foreclosure, but the mortgagee‘s or lienholder’s right to redeem the property shall not terminate until the expiration of 30 days after the mailing of the notice.
Terms Used In Oregon Statutes 312.150
- Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
- Mortgagee: The person to whom property is mortgaged and who has loaned the money.