OAR 646-010-0020: Penalties

Penalty for delaying transmittal of assessment moneys is provided in ORS 576.355, which states, “In addition to the penalties prescribed in 576.991, and any first purchaser or other person who delays transmittal of funds beyond the time set by the Commission shall pay ten percent of the amount due for the first month of delay and one and a half percent of the amount due for each month of delay thereafter.”