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Oregon Revised Statutes Mortgages and Liens § 86.789

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) The written statement of information provided by a trustee under ORS 86.786 shall include:

(a) A statement of the exact amount required, as of a specified date, to cure the default or satisfy the obligation, including the costs of foreclosure, trustee fees, attorney fees and per diem interest; and

(b) A description of any other performance necessary to cure the default or satisfy the obligation.

(2) If the amount required to cure the default or satisfy the obligation is not calculable to an exact amount, the trustee may estimate the maximum amount required to cure the default or satisfy the obligation.

(3) If the trustee does not provide the written statement of information within the time specified in ORS 86.786, the trustee may postpone the sale of the property to provide the person requesting the written statement of information at least seven days between receipt of the statement and the date of the sale.

(4) A person requesting a written statement of information under ORS 86.786 has the rights of an omitted person under ORS 86.767 if:

(a) The person requesting the statement proves that the person sent a written request under ORS 86.786 at least 15 days before the date of sale; and

(b) The trustee cannot prove that the trustee sent the written statement of information at least seven days before the date of the sale.

(5) The provisions of this section and ORS 86.786 do not affect the duty of beneficiaries to provide information to grantors.

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Cite this article: FindLaw.com - Oregon Revised Statutes Mortgages and Liens § 86.789 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-9-mortgages-and-liens/or-rev-st-sect-86-789/

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