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Oregon Revised Statutes

Or. Rev. Stat. § 105.462 (2026)

Definitions for ORS 105.462 to 105.490

✓ current as of May 2026
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      105.462 Definitions for ORS 105.462 to 105.490. For purposes of ORS 105.462 to 105.490:

      (1) “Financial institution” has the meaning given that term in ORS 706.008. “Financial institution” includes a:

      (a) Trust company, as that term is defined in ORS 706.008;

      (b) Mortgage banker, as that term is defined in ORS 86A.100;

      (c) Mortgage broker, as that term is defined in ORS 86A.100; and

      (d) Consumer finance company that is licensed under ORS chapter 725.

      (2) “Real estate licensee” has the meaning given that term in ORS 696.010. [2003 c.328 §4; 2005 c.287 §1]

Notes of Decisions
Cited in 2 cases, 2005–2016 · leading case: Patterson v. Amundson, 119 P.3d 264 (Or. Ct. App. 2005).
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Patterson v. Amundson, 119 P.3d 264 (Or. Ct. App. 2005). ““(3) If a buyer closes the transaction, the buyer’s right to revoke based on ORS 105.462 to 105.490,696.301 and 696.870 is terminated.”
Bishop v. Waters, 380 P.3d 1114 (Or. Ct. App. 2016). “ORS 105.462 to 105.490. Under ORS 105.475(4), “[i]f the seller fails or refuses to provide a seller’s property disclosure statement as required under this section, the buyer shall have a right of revocation until the right is terminated.”
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