(1) A bond required under ORS 822.515 for issuance or renewal of a commercial driver training school certificate must comply with all of the following:
(a) The bond shall have a corporate surety licensed to do business within this state.
(b) The bond shall be executed to the State of Oregon.
(c) The bond shall be in the sum of $2,500.
(d) The bond shall be approved as to form by the Attorney General.
(e) The bond must be conditioned that the person issued the certificate shall conduct business as a commercial driver training school without fraudulent representation and without violation of any rules adopted by the Department of Transportation under ORS 822.515.
(f) The bond must be filed and held in the office of the department.
(2) Any person shall have a right of action against a commercial driver training school and against the surety on the bond of the school in the personís own name if the person suffers any loss or damage by reason of the schoolís fraudulent representations or violation of rules adopted by the department under ORS 822.515.
(3) If the certificate of a school is not renewed or is revoked or canceled, the sureties on the bond shall be relieved from liability accruing subsequent to cancellation or revocation by the department. [1983 c.338 §827]Section: Previous 822.325 822.400 822.405 822.410 822.415 822.420 822.500 822.505 822.510 822.515 822.520 822.525 822.530 822.535 822.600 Next
Last modified: August 7, 2008