Oregon Statutes - Chapter 696 - Real Estate and Escrow Activities - Section 696.532 - Limited license.
(1) The Real Estate Commissioner may issue or renew a limited escrow agent license if:
(a) An applicant elects not to apply for an escrow agent license; or
(b) An applicant does not qualify for an escrow agent license.
(2) The commissioner may limit a license issued under this section:
(a) By term;
(b) To activities subject to supervision by a specific escrow agent;
(c) By conditions to be observed in the exercise of the privileges granted; or
(d) In other ways determined by the commissioner as necessary or appropriate to protect the public.
(3) A limited licensee shall comply with the requirements of ORS 696.505 to 696.590 and shall:
(a) Restrict the escrow business of the licensee to those escrows specified in the application; or
(b) Limit its escrow business to collection escrows. [2003 c.427 §2]
Note: 696.532 and 696.534 were added to and made a part of 696.505 to 696.590 by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.Section: Previous 696.511 696.515 696.520 696.523 696.525 696.527 696.530 696.532 696.534 696.535 696.540 696.541 696.545 696.550 696.555 Next
Last modified: August 7, 2008