ORS 105.462 Definitions for ORS 105.462 to 105.490
“Financial institution” has the meaning given that term in ORS 706.008. “Financial institution” includes a:
Trust company, as that term is defined in ORS 706.008;
Mortgage banker, as that term is defined in ORS 86A.100;
Mortgage broker, as that term is defined in ORS 86A.100; and
Consumer finance company that is licensed under ORS chapter 725. _______________________________________________________________________________________ If required under ORS 105.465, a seller shall deliver in substantially the following form the seller’s property disclosure statement to each buyer who makes a written offer to purchase real property in this state: _______________________________________________________________________________________
INSTRUCTIONS TO THE SELLER
Please complete the following form. Do not leave any spaces blank. Please refer to the line number(s) of the question(s) when you provide your explanation(s). If you are not claiming an exclusion or refusing to provide the form under ORS 105.475 (4), you should date and sign each page of this disclosure statement and each attachment. Each seller of residential property described in ORS 105.465 must deliver this form to each buyer who makes a written offer to purchase. Under ORS 105.475 (4), refusal to provide this form gives the buyer the right to revoke their offer at any time prior to closing the transaction. Use only the section(s) of the form that apply to the transaction for which the form is used. If you are claiming an exclusion under ORS 105.470, fill out only Section 1. An exclusion may be claimed only if the seller qualifies for the exclusion under the law. If not excluded, the seller must disclose the condition of the property or the buyer may revoke their offer to purchase anytime prior to closing the transaction. Questions regarding the legal consequences of the seller’s choice should be directed to a qualified attorney. _______________________________________________________________________________________
(DO NOT FILL OUT THIS SECTION UNLESS YOU ARE CLAIMING AN EXCLUSION
UNDER ORS 105.470)
Section 1. EXCLUSION FROM ORS 105.462 TO 105.490: You may claim an exclusion under ORS 105.470 only if you qualify under the statute. If you are not claiming an exclusion, you must fill out Section 2 of this form completely. Initial only the exclusion you wish to claim. installed under building or installation permit(s) # or trustee, or by foreclosure or deed in lieu of foreclosure. or guardian. This sale or transfer is by a governmental agency.
“Real estate licensee” has the meaning given that term in ORS 696.010.
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Provenance
2023 Oregon Revised Statutes
Official online edition
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- oregonlegislature.gov
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Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source2023 Oregon Revised Statutes · active · operative text
Official source