Oregon Statutes 285A.687 – Filing of lien against port; notice of satisfaction
(1) If the Oregon Infrastructure Finance Authority accepts a lien against any port district’s real or personal property as collateral required by ORS § 285A.681, the authority shall file notice of the loan with the recording officer of each county in which is situated any real or personal property of the port district. The notice shall contain a description of the encumbered property, the amount of the loan, and a statement that loan payments are liens against such property.
Terms Used In Oregon Statutes 285A.687
- Lien: A claim against real or personal property in satisfaction of a debt.
- Personal property: All property that is not real property.
(2) Upon payment of all amounts loaned to a port district pursuant to ORS § 285A.666 to 285A.732, the authority shall file with each recording officer referred to in subsection (1) of this section a satisfaction notice that indicates repayment of the loan. [Formerly 285.890; 2009 c.830 § 43]