Oregon Statutes 87.542 – Priority of lien
(1) A lien created under ORS § 87.503 shall have priority from the date of its perfection and shall be subordinate and inferior to any other lien, mortgage, trust deed or other encumbrance that attached to the real property or was recorded prior to the recording of the notice of lien under ORS § 87.507. Except for property tax liens, the lien created by ORS § 87.503 shall have priority over any other lien, mortgage, trust deed or other encumbrance that attached to the real property or was recorded subsequent to the recording of the notice of lien under ORS § 87.507.
Terms Used In Oregon Statutes 87.542
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) A lien created under ORS § 87.503 is void as against any purchaser in good faith and for a valuable consideration of the same real property whose interest is recorded prior to the recording of the notice of lien under ORS § 87.507.
(3) ORS § 93.645 shall apply to a lien created under ORS § 87.503 as if the lien were a judgment lien. [1997 c.744 § 5]
See note under 87.501.
[Repealed by 1975 c.648 § 72]
[Repealed by 1957 c.684 § 3 (87.551 enacted in lieu of 87.550)]
[1957 c.684 § 4 (enacted in lieu of 87.550); repealed by 1975 c.648 § 72]
MEDICAL SERVICES LIEN