Chapter 701 — Construction Contractors and Contracts
ORS 701.235 Rulemaking
The Construction Contractors Board shall adopt rules to carry out the provisions of this chapter including, but not limited to, rules that:
Establish language for surety bonds;
Establish processing requirements for different types of complaints described in this chapter;
Limit whether a complaint may be processed by the board if there is no direct contractual relationship between the complainant and the contractor;
Subject to ORS 701.145, 701.153 and 701.157, exclude or limit recovery from the contractor’s bond required by ORS 701.068 of amounts awarded by a court or arbitrator for interest, service charges, costs and attorney fees arising from commencing the arbitration or court action and proving damages; and
The board may adopt rules prescribing terms and conditions under which a contractor may substitute a letter of credit from a bank authorized to do business in this state instead of the bond requirements prescribed in ORS 701.068.
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Provenance
2023 Oregon Revised Statutes
Official online edition
- Source
- 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