Oregon Code § 105.480·Enacted ·Last updated March 01, 2026
Statute Text
Representations in disclosure statement; application.
(1) The representations contained
in a sellers property disclosure statement and in any amendment to the
disclosure statement are the representations of the seller only. The
representations of the seller are not representations of:
(a) A financial
institution that may have made or that may make a loan pertaining to the
property covered by a sellers property disclosure statement, or that may have
or take a security interest in the property covered by a sellers property
disclosure statement.
(b) A real estate
licensee engaged by the seller or buyer.
(2) Neither a
financial institution nor a real estate licensee is bound by or has any
liability with respect to any representation, misrepresentation, omission,
error or inaccuracy contained in the sellers property disclosure statement
required by ORS 105.465 or any amendment to the disclosure statement. [1993
c.547 §4b; 1997 c.631 §400; 2001 c.300 §69; 2003 c.328 §7]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 105.480
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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