Or. Admin. Code § 150-312-0010

Current through Register Vol. 63, No. 11, November 1, 2024

Section 150-312-0010 - Interest Calculated to the Date of Publication

(1) The foreclosure publication amount includes all interest accrued as of the date of publication. According to ORS 311.505(2), interest is charged and collected at a specific rate per month, or fraction of a month, until paid. This applies to all years shown in the publication.

Example:

Publication date - Interest computed through

August 16 - September 15

August 22 - September 15

September 17 - October 15

(2) The statutes direct that foreclosure proceedings begin three months after the day of delinquency of taxes of the latest year (ORS 312.050(1)). Newspaper publication schedules may cause the date of publication to vary. This example is not meant to encourage deviation from compliance with the statutes.

Or. Admin. Code § 150-312-0010

RD 11-1990, f. 12-20-90, cert. ef. 12-31-90; Renumbered from 150-312.030(1)(d), REV 23-2016, f. 8-11-16, cert. ef. 9/1/2016; REV 17-2017, f. & cert. ef. 6/15/2017; REV 80-2017, minor correction filed 12/28/2017, effective12/28/2017

Example referenced is not included in rule text. Click here for PDF copy of example.

Statutory/Other Authority: ORS 305.100

Statutes/Other Implemented: ORS 312.030