(1) A person who forecloses a lien created by ORS 87.152 to 87.162 by sale shall file a statement of account verified by the oath of the person with the recording officer of the county in which the sale took place when:
(a) The chattel sold at the foreclosure sale has a fair market value of $250 or more; or
(b) The chattel sold at the foreclosure sale is an animal bearing a brand or other mark recorded with the State Department of Agriculture under ORS chapter 604.
(2) The statement of account required under subsection (1) of this section must contain:
(a) The amount of the lien claim and the cost of foreclosing the lien;
(b) A copy of the published or posted notice of foreclosure sale;
(c) The amount received for the chattel sold at the sale; and
(d) The name of each person who received proceeds from the foreclosure sale as described in ORS 87.206 and the amount each person received.
(3) A person filing a statement of account under this section shall send a copy of the statement by registered or certified mail to the owner of the chattel sold at the foreclosure sale. The person filing the statement of account shall send the copy to the last-known address of the owner. If the chattel sold at a foreclosure sale is an animal bearing a brand or other mark recorded with the State Department of Agriculture under ORS chapter 604, a person filing a statement of account under this section shall send a copy of the statement to the State Department of Agriculture. [1975 c.648 §13; 2005 c.86 §2]
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