mortgagee

  • 1.

    A person who lends money to a mortgagor to purchase property. The mortgagee usually holds legal title to the property to secure the loan until it is satisfied.

    Oregon Secretary of State Archives Division 1
    See also mortgagor
  • 2.

    "Mortgagee" means any person who is:

    (a) A mortgagee under a mortgage;

    (b) A beneficiary under a trust deed; or

    (c) The vendor under a land sale contract.

    Oregon Legislature 2

1Oregon Secretary of State Archives Division, Oregon Historical County Records Guide: Glossary of Terms, http://­www.sos.state.or.us/­archives/­county/­cpglossary.html (last accessed May 27, 2009).

2Or. Rev. Stat. § 100.005 (2007).