Oregon Statutes 87.192 – Notice of foreclosure sale to lien debtor; public notice
(1)(a) Before a lien claimant forecloses by sale a lien created under ORS § 87.152 to 87.162, the lien claimant shall give notice of the foreclosure sale to the lien debtor by first class mail with certificate of mailing, registered mail or certified mail sent to the lien debtor at the lien debtor’s last-known address. The lien claimant shall give notice of the foreclosure sale to the lien debtor:
Terms Used In Oregon Statutes 87.192
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- 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
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- public notice: means any legal publication which requires an affidavit of publication as required in ORS § 193. See Oregon Statutes 174.104
(A) Except as otherwise provided in this paragraph, at least 30 days before the foreclosure sale.
(B) If the lien is for the cost of removing, towing or storing a vehicle that a person who holds a certificate issued under ORS § 819.480 has appraised at a value of $1,000 or less, at least 15 days before the foreclosure sale.
(b) If the chattel to be sold at a foreclosure sale is chattel for which the Department of Transportation has issued a certificate of title under ORS § 803.045, for which the State Marine Board requires a certificate of title under ORS § 830.810 or for which the Oregon Department of Aviation requires a certificate of registration under ORS § 837.040, the lien claimant shall include with the notice described in paragraph (a) of this subsection a copy of an invoice, work or repair order, authorization for towing, official form that authorizes a law enforcement agency to impound the chattel or any other record or document that is evidence of the basis for the lien.
(c) If a lien claimant fails to give notice in accordance with this subsection to a lien debtor concerning chattel described in paragraph (b) of this subsection, the lien claimant is liable to the lien debtor for a sum equal to the fair market value of the chattel sold at the foreclosure sale. The lien debtor may bring an action to recover the sum and reasonable attorney fees.
(2) The lien claimant shall give public notice of the foreclosure sale by posting notice of the foreclosure sale in a public place at or near the front door of the county courthouse of the county in which the sale is to be held and, except as provided in paragraph (b) of this subsection, in a public place at the location where the lien claimant obtained possession of the chattel to be sold from the lien debtor. The following apply to notice under this subsection:
(a) The lien claimant shall give notice under this subsection not later than the time required for notice to a lien debtor under subsection (1) of this section.
(b) This subsection does not require the lien claimant to post notice at the location where the lien claimant obtained the chattel if the chattel is a chattel for which the Department of Transportation has issued a certificate of title under ORS § 803.045, for which the State Marine Board requires a certificate of title under ORS § 830.810 or for which the Oregon Department of Aviation requires a certificate of registration under ORS § 837.040.
(3) If the chattel to be sold at a foreclosure sale is something other than an abandoned vehicle and has a fair market value of $1,000 or more, or if the chattel to be sold is an abandoned vehicle and has a fair market value of $2,500 or more, the lien claimant, in addition to the notice required by subsection (2) of this section, shall have a notice of foreclosure sale printed once a week for two successive weeks in a daily or weekly newspaper, as defined in ORS § 193.010, published in the county in which the sale is held or, if there is none, in a daily or weekly newspaper, as defined in ORS § 193.010, generally circulated in the county in which the sale is held.
(4) The notice of foreclosure sale required under this section must contain a particular description of the property to be sold, the name of the owner or reputed owner of the property, the amount due on the lien, the time and the place of the sale and the name of the person foreclosing the lien. [1975 c.648 § 10; 1981 c.861 § 2; 1983 c.436 § 1; 1983 c.338 § 882; 1993 c.326 § 10; 1995 c.758 § 19; 2005 c.738 § 8; 2014 c.65 § 1]
[Repealed by 1975 c.648 § 72]