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Oregon Revised Statutes

Or. Rev. Stat. § 696.508 (2026)

Legislative finding; short title

✓ current as of May 2026
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      696.508 Legislative finding; short title. (1) The Legislative Assembly finds the activity of escrow agents in handling large sums of money and important rights of clients to be of public concern. In order to permit uniform and equitable regulation of all escrow agents and to improve the standards of escrow conduct, the provisions of ORS 696.505 to 696.590 shall be construed to grant the Real Estate Commissioner authority to protect the public.

      (2) ORS 696.505 to 696.590 may be cited as the Oregon Escrow Law. [1977 c.351 §2]

 

      696.510 [Repealed by 1961 c.309 §6]

 

(Licensing)

Notes of Decisions
Cited in 2 cases, 1979–1985 · leading case: Gardner v. First Escrow Corp., 696 P.2d 1172 (Or. Ct. App. 1985).
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Gardner v. First Escrow Corp., 696 P.2d 1172 (Or. Ct. App. 1985). · cites it 2× “ORS 696.508(1) provides: “The Legislative Assembly finds the activity of escrow agents in handling large sums of money and important rights of clients to be of public concern.”
Key Title Co. v. Real Est. Div., 602 P.2d 663 (Or. Ct. App. 1979). · cites it 2× “ORS 696.508(1) vests the Commissioner with the duty to "protect the public” by "uniform and equitable regulation of all escrow agents”.”
— Or. Rev. Stat. § 696.508(1) — 2 cases
Gardner v. First Escrow Corp., 696 P.2d 1172 (Or. Ct. App. 1985). “ORS 696.508(1) provides: “The Legislative Assembly finds the activity of escrow agents in handling large sums of money and important rights of clients to be of public concern.”
Key Title Co. v. Real Est. Div., 602 P.2d 663 (Or. Ct. App. 1979). “ORS 696.508(1) vests the Commissioner with the duty to "protect the public” by "uniform and equitable regulation of all escrow agents”.”
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