Chapter 287 Oregon Laws 2005

AN ACT

HB 3266

Relating to seller’s property disclosure statement; amending ORS 105.462.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 105.462 is amended to read:

105.462. For purposes of ORS 105.462 to 105.490:

(1) “Financial institution” has the meaning given that term in ORS 706.008. “Financial institution” includes [mortgage bankers and mortgage brokers, as those terms are defined in ORS 59.840, and consumer finance companies licensed under ORS chapter 725] a:

(a) Trust company, as that term is defined in ORS 706.008;

(b) Mortgage banker, as that term is defined in ORS 59.840;

(c) Mortgage broker, as that term is defined in ORS 59.840; and

(d) Consumer finance company that is licensed under ORS chapter 725.

(2) “Real estate licensee” has the meaning given that term in ORS 696.010.

Approved by the Governor June 20, 2005

Filed in the office of Secretary of State June 21, 2005

Effective date January 1, 2006

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