The “Request for Reconveyance” section will be removed from the Oregon FHA Deed of Trust (cx399), effective October 20, 2011. A request for reconveyance is required by Oregon law as follows:
“Within 30 days after performance of the obligation secured by the trust deed, the beneficiary shall deliver a written request to the trustee to reconvey the estate of real property described in the trust deed to the grantor. Within 30 days after the beneficiary delivers the written request to reconvey to the trustee, the trustee shall reconvey the estate of real property described in the trust deed to the grantor.” (Or. Rev. Stat. §86.720)
However, Oregon does not require the “Request for Reconveyance” to be included with the Deed of Trust and it can only be processed once the loan obligations are fulfilled. Rather than providing it with the Deed of Trust, it will be provided upon request as its own separate document (Oregon Request for Reconveyance, cx16086), which may be filed with the Deed of Trust for future use.