Oregon Statutes 446.696 – Renewal of dealer license
A manufactured structure dealer license is valid for three years, but the Director of the Department of Consumer and Business Services may adjust the term of an initial license for the purpose of establishing uniform expiration dates. A dealer may renew a license as provided by the director. The director may renew a license only if the dealer:
Terms Used In Oregon Statutes 446.696
- City: includes any incorporated village or town. See Oregon Statutes 174.100
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) Delivers to the director a bond or letter of credit that meets the requirements under ORS § 446.726.
(2) Provides evidence acceptable to the director that the dealer obtained a corporate surety bond as provided in ORS § 86A.227 if the dealer employs or intends to employ a mortgage loan originator, as defined in ORS § 86A.200, or is otherwise subject to ORS § 86A.200 to 86A.239.
(3) Certifies to the director in a form and manner the director specifies by rule that the dealer has independently verified that every individual the dealer hired or intends to hire as a mortgage loan originator meets the requirements set forth in ORS § 86A.200 to 86A.239 and in ORS § 86A.186.
(4) Pays the fee specified in ORS § 446.721 for renewal of a manufactured structure dealer license.
(5) Submits a completed application for renewal in a form approved by the director that includes:
(a) The name and residence address of the dealer. If the dealer is a firm or partnership, the application must include the names and addresses of the members of the firm or partnership. If the dealer is a corporation, the application must include the names and addresses of the principal officers of the corporation and the name of the state in which the corporation is incorporated.
(b) The name under which the business will be conducted.
(c) The street address, including city and county in Oregon, where the business will be conducted.
(d) If the location of the dealership is being changed at the time of renewal:
(A) For a business that will be conducted in a residential zone, a statement by the dealer that all manufactured structures sold or displayed at that address will meet any architectural and aesthetic standards regulating the placement of manufactured structures in that residential zone.
(B) For a business that will offer for sale new manufactured structures that are recreational vehicles greater than eight and one-half feet in width, a certificate from the applicant stating that the applicant will maintain a recreational vehicle service facility for those recreational vehicles at a street address provided in the application.
(e) Information the director requires to efficiently regulate manufactured structure dealers and dealerships or other relevant information the director requires. [2003 c.655 § 29; 2009 c.863 § 30]
See note under 446.661.