Oregon Revised Statutes Chapter 86 § 86.140 — Liability of mortgagee for failure to discharge mortgage
Oregon Revised Statutes Chapter 86 ·
Oregon Code § 86.140·Enacted ·Last updated March 01, 2026
Statute Text
Liability of mortgagee for failure to discharge mortgage.
If any mortgagee or the personal
representative or assignee of the mortgagee, after full performance of the
condition of the mortgage before or after a breach thereof, shall, within 30
days after being thereto requested, and after tender of reasonable charges,
fail to discharge the same, or to execute and acknowledge a certificate of
discharge or release thereof, that person shall be liable to the mortgagor, or
the heirs or assigns of the mortgagor, in the sum of $500 damages and also for
all actual damages occasioned by such failure, to be recovered in an action at
law. The owner and holder of the promissory note referred to in ORS 86.110 is
deemed the personal representative of the mortgagee for the purposes of this
section. [Amended by 1955 c.29 §1; 1955 c.512 §1; 1993 c.648 §1]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 86.140
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Liability of mortgagee for failure to discharge mortgage. Read the full statute text above for details.
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