OAR 863-049-0005
Definitions


As used in this division, unless the context requires otherwise:

(1)

“Agency” means the Oregon Real Estate Agency.

(2)

“Bank” is defined in ORS 706.008 (Additional definitions for Bank Act).

(3)

“Commissioner” means Oregon Real Estate Commissioner.

(4)

“Escrow” is defined in ORS 696.505 (Definitions for ORS 696.505 to 696.590).

(5)

“Escrow agent” is defined in ORS 696.505 (Definitions for ORS 696.505 to 696.590).

(6)

“Escrow operations” means any activity that is subject to regulation under ORS 696.505 (Definitions for ORS 696.505 to 696.590) to 696.590 (Penalty amounts).

(7)

“Escrow trust account” is defined in section 1, chapter 174, Oregon Laws 2009.

(8)

“Trust funds” is defined in section 1, chapter 174, Oregon Laws 2009.
Last Updated

Jun. 8, 2021

Rule 863-049-0005’s source at or​.us