OAR 863-025-0080
Compliance Reviews

(1) The Agency will provide a property manager with written notice at least five business days before conducting a compliance review.
(2) A compliance review is completed when the Agency delivers a written notice of completion to the property manager.
(3) Except as provided in section (4) of this rule, if the Agency determines that a property manager is not in compliance with ORS 696.010 (Definitions) to 696.495 (Revolving fund), 696.600 (Definitions for ORS 696.392, 696.600 to 696.785 and 696.995) to 696.785 (Commissioner duties when illegal commingling of funds found), 696.800 (Definitions) to 696.890 (Duties of real estate property managers), or OAR chapter 863 after the Agency completes a compliance review, the Agency will allow the property manager at least 30 days from the date the compliance review is completed to cure the noncompliance without sanction.
(4) Upon completion of a compliance review, if the Agency has reasonable grounds to believe that the funds of an owner or tenant may be missing, funds may have been misappropriated, or that the property manager’s records are in such a condition that the property manager is placing owners’ and/or tenants’ funds at risk the Agency may immediately initiate an investigation without providing a property manager with an opportunity to cure noncompliance.
Last Updated

Jun. 8, 2021

Rule 863-025-0080’s source at or​.us