(1) If a mortgagee is required or authorized to pay the ad valorem taxes on a manufactured structure or on real property that is subject to the mortgage by a provision contained in the mortgage instrument, upon written request sent to the tax collector, the tax collector shall send a copy of the statement required to be mailed to the taxpayer under ORS 311.250 to the mortgagee. The request by the mortgagee for the sending of the copy shall be made to the tax collector on or before October 1 of each year and shall state that the mortgagee has the duty or is authorized to pay the taxes for the owner of the property.
(2) The tax collector and any mortgagee referred to in subsection (1) of this section may agree that a computer record containing the information required by the Department of Revenue may be delivered to the mortgagee instead of a copy of the tax statement required by subsection (1) of this section.
(3) For the purposes of this section, the holder of a perfected security interest in a manufactured structure is considered a “mortgagee” and the perfected security interest is considered a “mortgage.” [1967 c.568 §4; 1971 c.379 §1; 1971 c.529 §35; 1971 c.752 §1; 1973 c.82 §1; 1981 c.804 §87; 1983 s.s. c.5 §21; 1987 c.313 §2; 1991 c.459 §239; 1993 c.313 §1; 1997 c.541 §287; 2003 c.108 §3]Section: Previous 311.223 311.226 311.229 311.232 311.234 311.235 311.250 311.252 311.253 311.255 311.260 311.265 311.270 311.275 311.280 Next
Last modified: August 7, 2008