§ 95.03 REGISTRATION REQUIREMENTS; INFORMATION REQUIRED; CHANGE IN OWNERSHIP.

   (A)   Residential property shall be registered by the owner(s) thereof with the recorder in the event:

      (1)   Of an anticipated judicial foreclosure of the property, no earlier than the commencement of any of the actions described by O.R.S. 18.904, 18.906, 18.908 and not later than the date first set for the execution sale described in O.R.S. 18.930.

      (2)   Of an anticipated nonjudicial foreclosure of the property done pursuant to O.R.S. 86.740 to 86.755 not later than the date of service or mailing of the notice of sale described in O.R.S. 86.740; or

      (3)   An owner receives written notice from the Manager that the Manager believes the residential property is vacant.

   (B)   Each registration shall be on a form approved by the recorder and contain at least the following information:

      (1)   The name of the trustee or mortgagee;

      (2)   The name of the beneficiary (if different) under the trust deed;

      (3)   The street/office mailing address(es) of the trustee/mortgagee and, if there is one, the beneficiary under the trust deed;

      (4)   The name, mailing address and contact information of a local individual or entity charged with responsibility by the trustee, mortgagee and/or beneficiary for ensuring compliance with the obligations imposed by §§ 95.04 through 95.06.

   (C)   Each registration shall be accompanied by payment of a registration fee in an amount as set by Council resolution.

   (D)   The City Recorder shall maintain a current list of registered residential properties within the city limits.

   (E)   In the event ownership of a registered residential property changes, the owner shall send notice of the ownership change to the City Recorder not later than 30 days after the change.

(Ord. 2014-10-01, passed 11-11-2014)