(1) Three copies of a written sales contract shall be executed for each prearrangement sales contract or preconstruction sales contract sold by a certified provider. The certified provider shall retain one copy of the contract and a copy of the completed contract shall be given to:
(a) The purchaser; and
(b) The depository or the master trustee, if applicable.
(2) Upon receiving a trust deposit under ORS 97.941, the master trustee shall sign a copy of the contract received under subsection (1) of this section, retain a copy for its files and return the contract to the purchaser.
(3) Each completed contract shall:
(a) Comply with the plain language standards described in ORS 180.545 (1);
(b) Be consecutively numbered;
(c) Have a corresponding consecutively numbered receipt;
(d) Be preprinted or, if the certified provider uses a master trustee, be obtained from the master trustee;
(e) Identify the purchaser and certified provider who sold the contract;
(f) Specify whether the contract is a guaranteed contract or a nonguaranteed contract;
(g) Specify the specific funeral or cemetery merchandise or services or undeveloped interment spaces included and not included in the contract; and
(h) If a guaranteed contract, disclose that the certified provider may retain 10 percent of the sales price.
(4)(a) Notwithstanding ORS 97.943 (8), in the case of a prearrangement sales contract, if at the time of entering into the contract, the beneficiary of the contract is a recipient of public assistance or reasonably anticipates becoming a recipient of public assistance, the contract may provide that the contract is irrevocable.
(b) The contract may provide for an election by the beneficiary, or by the purchaser on behalf of the beneficiary, to make the contract thereafter irrevocable if after the contract is entered into, the beneficiary becomes eligible or seeks to become eligible for public assistance. [Formerly 128.421; 2007 c.661 §18]
Note: See note under 97.923.
Section: Previous 97.929 97.930 97.931 97.933 97.935 97.936 97.937 97.939 97.941 97.942 97.943 97.944 97.945 97.946 97.947 NextLast modified: August 7, 2008