ORS 696.590: Penalty amounts.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) Any person who violates ORS 696.511 (1) may be required by the Real Estate Commissioner to forfeit and pay to the General Fund of the State Treasury a civil penalty in an amount determined by the commissioner of: (a) Not less than $500 nor more than $1,000 for the first offense of unlicensed professional escrow activity; and (b) Not less than $1,000 nor more than $3,000 for the second and subsequent offenses of unlicensed professional escrow activity. (2) In addition to the civil penalty set forth in subsection (1) of this section, any person who violates ORS 696.511 may be required by the commissioner to forfeit and pay to the General Fund of the State Treasury a civil penalty in an amount determined by the commissioner but not to exceed the amount by which such person profited in any transaction which violates ORS 696.511. (3) Civil penalties under this section must be imposed in the manner provided in ORS 183.745. (4) The civil penalty provisions of subsections (1) and (2) of this section are in addition to and not in lieu of the criminal penalties for unlicensed professional escrow activity in ORS 696.990 (1) and (2). [1991 c.874 §17; 2003 c.427 §14] REAL ESTATE MARKETING
This rule cites
- ORS 696.511 — resolved
- ORS 183.745 — resolved
- ORS 696.990 — resolved
Cited by
- ORS 86.713: Qualifications of trustee; certificate of authority to transact business; law practice serving as trustee; appointment of successor trustee; trustee’s duties.
- ORS 94.881: Who may serve as escrow agent.
- ORS 311.411: Certificate of taxes paid required to record instrument conveying real property to public entity; authorization for agent to withhold taxes; issuance; deficiency as personal debt of transferor; collection.
- ORS 314.258: Withholding in certain conveyances of real estate; rules.
- ORS 696.505: Definitions for ORS 696.505 to 696.590.
- ORS 696.508: Legislative finding; short title.
- ORS 696.511: License requirement; licensing system; rules.
- ORS 696.520: Application of ORS 696.505 to 696.590.
- ORS 696.523: Application of ORS 696.505 to 696.590 to title insurance activities.
- ORS 696.525: Bond for escrow agents.
- ORS 696.527: Deposits in lieu of bond; payment of claims; waiver.
- ORS 696.532: Limited license.
- ORS 696.535: Grounds for refusing, suspending or revoking license or reprimanding licensee.
- ORS 696.541: Authority of commissioner over escrow agents; rules.
- ORS 696.545: Investigation; injunction; jurisdiction.
- ORS 696.570: Hearings procedure under ORS 696.505 to 696.590; subpoena.
- ORS 696.575: Civil or criminal actions not limited by ORS 696.505 to 696.590.
- ORS 696.577: Commissioner’s order against unlicensed agent.
- ORS 696.585: Civil penalties.
- ORS 696.990: Penalties.
- ORS 697.612: Registration requirement; exceptions.
- ORS 731.450: Unrelated business prohibited; exceptions; title insurer as escrow agent.
- OAR 274-020-0355: Escrow Closing of Loans
- OAR 274-021-0010: Escrow Closings of Contract Sales
- OAR 274-045-0110: Escrow Closing of Loans
- OAR 863-049-0005: Definitions
- OAR 863-049-0030: License Issue, Term, and Form
- OAR 863-049-0055: Annual Report and Financial Statements
- OAR 863-050-0000: Definitions
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors696.html