OAR 863-049-0035
License Renewal

(1) An escrow agent’s license expires on June 30 of each year. A licensee may not engage in escrow operations after a license expires.
(2) The Agency may renew an escrow agent’s license when the Agency has received the following:
(a) The renewal fee authorized by ORS 696.530 (Expiration and renewal of license), and
(b) An online renewal application that includes the training certification and contact information required by ORS 696.511 (License requirement)(6).
(3) A licensee has a 30-day grace period after June 30 in which to renew the expired license. The licensee may not engage in escrow operations during that time. No late fee is required for late renewal.
(4) If the Agency renews an expired license during the 30-day grace period, the renewed license is effective as of the renewal date and is not retroactive. The renewed license does not authorize any escrow operations that occurred between July 1 and the license renewal date.
(5) If the licensee fails to renew a license by the end of the 30-day grace period but wishes to engage in escrow operations, the licensee must submit a new initial license application pursuant to OAR 863-049-0010 (Initial License Application and Content) and pay all required fees.

Source: Rule 863-049-0035 — License Renewal, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-049-0035.

Last Updated

Jun. 8, 2021

Rule 863-049-0035’s source at or​.us