(1) The Construction Contractors Board shall adopt rules to carry out the provisions of this chapter including, but not limited to, rules that:
(a) Establish language for surety bonds;
(b) Establish processing requirements for different types of complaints described in this chapter;
(c) Limit whether a complaint may be processed by the board if there is no direct contractual relationship between the complainant and the contractor;
(d) Subject to ORS 701.153 and 701.157, exclude or limit recovery from the contractor’s bond required by ORS 701.068 of amounts awarded by a court or arbitrator for interest, service charges, costs and attorney fees arising from commencing the arbitration or court action and proving damages; and
(e) Designate a form to be used by an owner of residential property under ORS 87.007 for the purpose of indicating the method the owner has selected to comply with the requirements of ORS 87.007 (2) or to indicate that ORS 87.007 (2) does not apply.
(2) The board may adopt rules prescribing terms and conditions under which a contractor may substitute a letter of credit from a bank authorized to do business in this state instead of the bond requirements prescribed in ORS 701.068. [1971 c.740 §19; 1989 c.928 §28; 1991 c.181 §13; 2001 c.197 §19; 2003 c.778 §6; 2007 c.793 §23; 2007 c.836 §36]
Note: The amendments to 701.235 by section 36, chapter 836, Oregon Laws 2007, become operative July 1, 2008, and apply to complaints filed against persons whose contractor licenses are issued or renewed on or after July 1, 2008. See section 70, chapter 836, Oregon Laws 2007. The text that is operative until July 1, 2008, including amendments by section 23, chapter 793, Oregon Laws 2007, is set forth for the user’s convenience.
701.235. (1) The Construction Contractors Board shall adopt rules to carry out the provisions of this chapter including, but not limited to, rules that:
(a) Establish language for surety bonds;
(b) Establish processing requirements for different types of complaints described in this chapter;
(c) Limit whether a complaint may be processed by the board if there is no direct contractual relationship between the complainant and the contractor;
(d) Notwithstanding ORS 701.146 (7) and 701.150 (4) and subject to ORS 701.150 (6), exclude or limit recovery from the contractor’s bond required by ORS 701.068 of amounts awarded by a court or arbitrator for interest, service charges, costs and attorney fees arising from commencing the arbitration or court action and proving damages; and
(e) Designate a form to be used by an owner of residential property under ORS 87.007 for the purpose of indicating the method the owner has selected to comply with the requirements of ORS 87.007 (2) or to indicate that ORS 87.007 (2) does not apply.
(2) The board may adopt rules prescribing terms and conditions under which a contractor may substitute a letter of credit from a bank authorized to do business in this state instead of the bond requirements prescribed in ORS 701.068.
Section: Previous 701.175 701.180 701.205 701.215 701.225 701.227 701.230 701.235 701.238 701.240 701.245 701.250 701.252 701.252 701.255 NextLast modified: August 7, 2008