{"data":{"id":"us-or/ors-87.202","jurisdiction":"us-or","citation":"ORS 87.202","heading":"Statement of account of foreclosure sale.","body":"(1) A person that forecloses a lien created under ORS 87.152 to 87.162 by sale shall file a statement of account that the person verifies by oath with the recording officer of the county in which the sale took place if:\n      (a) The chattel sold at the foreclosure sale has a fair market value of $1,000 or more; or\n      (b) The chattel sold at the foreclosure sale is an animal that bears a brand or other mark recorded with the State Department of Agriculture under ORS chapter 604.\n      (2) The statement of account required under subsection (1) of this section must show:\n      (a) The amount of the lien claim and the cost of foreclosing the lien;\n      (b) A copy of the published or posted notice of foreclosure sale;\n      (c) The amount received for the chattel sold at the sale; and\n      (d) The name of each person that received proceeds from the foreclosure sale as described in ORS 87.206 and the amount each person received.\n      (3) A person that files a statement of account under this section shall send a copy of the statement by registered or certified mail to the last-known address of the owner of the chattel sold at the foreclosure sale. If the chattel sold at a foreclosure sale is an animal that bears a brand or other mark recorded with the State Department of Agriculture under ORS chapter 604, a person that files a statement of account under this section shall send a copy of the statement to the State Department of Agriculture.","path":["02 - Business Organizations, Commercial Code","9. Mortgages and Liens","Chapter 87 — Statutory Liens"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors087.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"2462be9177a6e0a272fabc7b9f1ba715cc48f1eab6cf9f00e97e8dc74ed5dabb","source_id":"us-or","stale":false,"prev":"us-or/ors-87.200","next":"us-or/ors-87.205"},"notice":"GroundRules: Original legal text. Not legal advice."}