The State of Oregon has passed SB 613 amending recording requirements for instruments assigning a mortgage or trust deed.

Under the amended law, the first page of an instrument assigning a mortgage or trust deed must contain the name and address of the assignee lender or assignee trust deed beneficiary.

The bill takes affect January 1, 2008.

To view the full text of SB 613, please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH  and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 450 employees.  Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.