2015 Regular Session SB 367 Enrolled

• At the request of: (at the request of Senate Interim Committee on Judiciary for Oregon State Bar Consumer Law Section)
• Regular Sponsors: Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President.
• Bill Title: Relating to execution sale of real property subject to declaration.

Catchline/Summary

Makes purchaser at execution sale of real property in planned community or condominium community solely liable for assessments imposed against real property during redemption period.

Makes purchaser at execution sale of real property in planned community or condominium community jointly and severally] solely liable with title holder] for assessments imposed against real property during redemption period.

Requires claimant who redeems real property sold at execution sale to repay assessments, with interest, that are imposed during redemption period and paid by purchaser.

• Chapter Number: Chapter 120
• Fiscal Impact: No Fiscal Impact
• Revenue Impact: No Revenue Impact
• Current Location: Chapter Number Assigned