Oregon Code § 92.460·Enacted ·Last updated March 01, 2026
Statute Text
Blanket
encumbrance permitted only in certain circumstances.
(1) Subject to the provisions of
ORS 92.425, no lot, parcel or other interest in a subdivision or series
partition shall be sold by a subdivider, series partitioner or developer
subject to a blanket encumbrance unless there exists in the blanket encumbrance
or other supplementary agreement a provision which by its terms shall
unconditionally provide that the purchaser or lessee of a lot, parcel or other
interest can obtain legal title or other interest bargained for, free and clear
of the blanket encumbrance, upon compliance with the terms and conditions of
the purchase or lease.
(2) In lieu of
the requirement of subsection (1) of this section, the subdivider, series
partitioner or developer shall conform to any alternative requirement or method
which the Real Estate Commissioner deems acceptable to carry into effect the
intent and provisions of this section. [1977 c.809 §12; 1983 c.570 §24]
Plain English Explanation
This Oregon statute addresses Blanket
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 92.460
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Blanket
. Read the full statute text above for details.
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The formal citation is Oregon Code § 92.460. Use this format in legal documents and court filings.
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