Oregon Revised Statutes Chapter 87 § 87.306 — (2), the lien claimant is liable to that person for a sum equal to the
Oregon Revised Statutes Chapter 87 ·
Oregon Code § 87.306·Enacted ·Last updated March 01, 2026
Statute Text
(2), the lien claimant is liable to that person for a sum equal to the
fair market value of the chattel sold at the foreclosure sale or the amount due
that person under the security agreement or lien at the time of the foreclosure
sale, whichever amount is less. The secured party or other lien claimant shall
recover that sum by an action at law. [1975 c.648 §34]
Plain English Explanation
This Oregon statute addresses (2), the lien claimant is liable to that person for a sum equal to the
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 87.306
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses (2), the lien claimant is liable to that person for a sum equal to the
. 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 § 87.306. Use this format in legal documents and court filings.
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