Oregon Statutes 311.729 – Limitations on effect of ORS 311.702 to 311.735
Nothing in ORS § 311.702 to 311.735 is intended to or shall be construed to:
Terms Used In Oregon Statutes 311.729
- 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.
- local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(1) Prevent the collection, by foreclosure, of delinquent property taxes which have become a lien against the homestead that is the subject of special assessment deferral provided in ORS § 311.702 to 311.735.
(2) Prevent the granting of deferral of property taxes pursuant to ORS § 311.666 to 311.701.
(3) Affect any provision of a mortgage or other instrument relating to the homestead.
(4) Prevent the collection, by appropriate collection proceeding, of delinquent special assessment installments which are a lien against the homestead but which have not been deferred as provided in ORS § 311.702 to 311.735. Upon determination by the local government unit that any nondeferred installment is in default, the whole sum, including deferred amounts of the special assessment for local improvement shall become due and payable at once. [1977 c.859 § 12]