The county recording officer shall record a written release of the lien or the county treasurer in whose office money is deposited under ORS 87.076 shall return the money to the person who made the deposit when:
(1) A suit to foreclose the lien is not commenced within the time specified by ORS 87.055;
(2) The person who recorded the bond or deposited the money presents a certified copy of a court’s order for the release of the bond or all or some of the money to that person; or
(3) The person who recorded the bond or deposited the money presents a written release of lien signed by the lien claimant. [1975 c.466 §22; 1999 c.654 §5]
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