(1) The Real Estate Commissioner may issue or renew a limited escrow agent license if the commissioner determines it is in the public interest.
(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 must comply with the limitations of the license and the requirements of ORS 696.505 (Definitions for ORS 696.505 to 696.590) to 696.590 (Penalty amounts) and rules adopted under ORS 696.505 (Definitions for ORS 696.505 to 696.590) to 696.590 (Penalty amounts). [2003 c.427 §2; 2009 c.174 §6]
Note: 696.532 (Limited license) and 696.534 (Records of escrow agents) were added to and made a part of 696.505 (Definitions for ORS 696.505 to 696.590) to 696.590 (Penalty amounts) by legislative action but were not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.