Oregon Code § 358.672·Enacted ·Last updated March 01, 2026
Statute Text
Lien
created when historic preservation loan made; procedure; foreclosure.
(1) The State Historic
Preservation Officer has a lien upon any historic property that is the subject
of a rehabilitation funded in whole or part from a loan from the Historic
Preservation Revolving Loan Fund for the entire amount of principal and interest
on the loan.
(2) The lien
created under this section shall attach as of the day the loan contract is
entered into under ORS 358.670.
(3) The State
Historic Preservation Officer shall file a written notice of claim of lien not
later than 120 days after the lien attaches with the recording officer of the
county in which the historic property is located.
(4) The notice of
claim of lien required under subsection (3) of this section must be a statement
in writing verified by the oath of the State Historic Preservation Officer or
by the oath of an authorized agent, and must contain:
(a) A statement
of the amount of principal and interest of the loan from the Historic
Preservation Revolving Loan Fund;
(b) The name of
the owner of the historic property to be charged with the lien; and
(c) A description
of the property to be charged with the lien sufficient for identification.
(5) The recording
officer of the county shall record a notice of claim of lien filed under this
section in the county clerk lien records.
(6) A lien
described in this section shall be foreclosed in the manner provided in ORS
chapter 88.
(7)(a) If a suit
to foreclose a lien created under this section is not brought within five years
from the date the notice of claim of lien is recorded, the lien shall cease to
exist.
(b)
Notwithstanding paragraph (a) of this subsection, a lien created under this
section may be continued in force for a period longer than described in
paragraph (a) of this subsection pursuant to an agreement to extend the period
of time for which repayment of the loan is to occur, but may not be continued
for a period longer than six months following the period for which the
repayment is to occur. [2001 c.540 §34]
Plain English Explanation
This Oregon statute addresses Lien
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 358.672
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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