Oregon Code § 86.050·Enacted ·Last updated March 01, 2026
Statute Text
Payment
of taxes and other charges by mortgagee.
Whenever a mortgagor fails to pay when due any taxes,
assessments, interest on prior mortgages, insurance premiums or other charges
necessary to be paid for the protection of the lien of a mortgagee, the
mortgagee may pay the same, and such payments shall be added to the mortgage
debt and secured by the mortgage held by the mortgagee, and shall bear interest
at the same rate as specified in the mortgage. This section applies only to
mortgages executed after June 3, 1929, and does not affect the right of parties
to specifically contract otherwise than as provided in this section.
Plain English Explanation
This Oregon statute addresses Payment
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 86.050
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Payment
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 86.050. Use this format in legal documents and court filings.
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