Oregon Statutes 446.706 – Limited manufactured structure dealer; licensing
(1) A person who holds a limited manufactured structure dealer license issued under this section may sell during a calendar year up to 10 manufactured dwellings located at a manufactured dwelling park identified in the license. The manufactured dwellings sold under a limited manufactured structure dealer license must be dwellings that:
Terms Used In Oregon Statutes 446.706
- 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.
- 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.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(a) Have been abandoned as described in ORS § 90.675 at any manufactured dwelling park. If the manufactured dwelling is not subject to sale by the limited manufactured structure dealer under ORS § 90.675 (10), the dealer must have the certificate of title or registration for the dwelling transferred to the dealer prior to offering the dwelling for sale; or
(b) Have been purchased by the park owner from a person holding title, and at the time of purchase by the park owner, were sited in the manufactured dwelling park identified in the license.
(2) Notwithstanding ORS § 90.525, if a limited manufactured structure dealer sells a manufactured dwelling that was abandoned at a manufactured dwelling park other than the park where the dwelling is being sold, the sale terms for the manufactured dwelling must require that the dwelling is to be sited under a rental agreement at the park where sold for at least 12 months following the sale.
(3) Except as provided in ORS § 446.741, the Director of the Department of Consumer and Business Services shall issue a limited manufactured structure dealer license to a person if the person:
(a) Owns or operates a manufactured dwelling park as defined in ORS § 446.003;
(b) Submits a completed application for a limited manufactured structure dealer license in a form approved by the director;
(c) Delivers to the director a bond or letter of credit that meets the requirements under ORS § 446.726, except that the bond or letter of credit must be in the sum of $15,000 for each year that the license is valid;
(d) Delivers to the director a corporate surety bond that meets the requirements specified in ORS § 86A.227 if the person 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;
(e) Certifies to the director in a form and manner the director specifies by rule that the person has independently verified that every individual the person 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;
(f) Is 18 years of age or older or is legally emancipated; and
(g) Pays the fee specified in ORS § 446.721 for issuance of a limited manufactured structure dealer license.
(4) If the person is a firm or partnership, the application for a limited manufactured structure dealer license must include the names and residence addresses of the members of the firm or partnership. If the person is a corporation, the application must include the names of the principal officers of the corporation and residence addresses of the officers and the name of the state under whose laws the corporation is organized. If the person is the owner of a manufactured dwelling park, the person may submit a joint application on behalf of the person and a named park operator employed by the person. If the person is the operator of a manufactured dwelling park, the application must include the name and signature of the park owner.
(5) A limited manufactured structure dealer license is valid for use at a single manufactured dwelling park. The manufactured dwelling park location must be specified in the license application. A limited manufactured structure dealer may not employ a salesperson.
(6) A limited manufactured structure dealer license is valid for two years, but the director may adjust the term of an initial license for the purpose of establishing uniform expiration dates.
(7) Notwithstanding subsection (6) of this section, the limited manufactured structure dealer license for the person expires immediately if the person ceases to be an operator or owner of the manufactured dwelling park at which the license may be used. The owner of a manufactured dwelling park shall immediately notify the director if a person licensed under this section ceases to be an owner or operator of a manufactured dwelling park at which the license may be used.
(8) Notwithstanding subsections (6) and (7) of this section, if a licensed person ceases to be an operator of the manufactured dwelling park, the park owner may apply to have a corrected license issued to a new operator employed by the owner. A corrected license issued under this subsection is valid for the unexpired portion of the original license term. The director shall charge the fee specified in ORS § 446.721 for issuing a corrected license.
(9) A limited manufactured structure dealer may renew a license as provided by the director. The director shall renew a license only if the dealer:
(a) Submits a completed application for renewal in a form approved by the director;
(b) Delivers to the department a bond or letter of credit that meets the requirements described in subsection (3) of this section; and
(c) Pays the fee specified in ORS § 446.721 for renewal of a limited manufactured structure dealer license. [2003 c.655 § 29b; 2009 c.863 § 31]
See note under 446.661.