ORS 86.160¹
Definitions for ORS 86.160 to 86.185

As used in ORS 86.160 (Definitions for ORS 86.160 to 86.185) to 86.185 (ORS 86.160 to 86.185 not applicable to certain loans):

(1) “Late charge” means a sum payable by a mortgagor to the holder of a mortgage pursuant to a note or mortgage to compensate the holder for servicing and other costs attributable to the receipt of mortgage payments from the mortgagor after the date upon which payment is due.

(2) “Mortgagor” includes the grantor under a deed of trust.

(3) “Mortgage” includes a deed of trust.

(4) “Residential real property” means a single-family, owner-occupied dwelling and appurtenances. [1977 c.427 §1]

1 Legislative Counsel Committee, CHAPTER 86—Mortgages; Trust Deeds, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors086.­html (2019) (last ac­cessed May 16, 2020).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information