Title 100 · ORS Chapter 100
94.480] MISCELLANEOUS ����� 100.920 Changes or actions that require approval or consent of mortgagee. (1) Subject to subsection (3) of this section, when a change to the declaration, bylaws or
Citation: ORS 94.480
Section: 94.480
94.480]
MISCELLANEOUS
����� 100.920 Changes or actions that require approval or consent of mortgagee. (1) Subject to subsection (3) of this section, when a change to the declaration, bylaws or other governing document or another action to be taken by the board of directors, association or unit owners requires approval or consent of a mortgagee, if the mortgagee receives a request to approve or consent to the change or action, the mortgagee is deemed to have approved or consented to the request unless the mortgagee delivers or posts a negative response to the requesting party within 60 days after receipt of the request.
����� (2) The request must:
����� (a) Be in writing.
����� (b) Name the mortgagor.
����� (c) Identify the property securing the mortgage by legal description as required for recordation in ORS 93.600 or by address.
����� (d) Identify the mortgage by loan number or reference to the county recording office and date of recording and recording index numbers of the mortgage.
����� (e) Be delivered to the mortgagee by certified or registered mail, return receipt requested.
����� (3) This section does not apply to:
����� (a) The consent of a mortgagee required under ORS 100.100 or 100.600.
����� (b) The extent a provision in the declaration or bylaws prescribes a different procedure for approval or consent. [2011 c.532 �15]
CRIMINAL PENALTIES
����� 100.990 Criminal penalties. Subject to ORS 153.022, any person who violates any of the provisions of ORS