Oregon Revised Statutes Chapter 33 § 33.865 — Required findings by court or responsible administrative authority

Required findings by court or responsible administrative authority. (1) A transfer of payment rights under ORS 33.850 to 33.875 is not effective and an obligor or annuity issuer is not required to make any payments directly or indirectly to a transferee unless the transferee has filed a petition under ORS 33.857 and the transfer is approved by the court or responsible administrative authority based on express findings by the court or authority that: (a) The transfer is in the best interest of the payee, taking into account the welfare and support of all persons for whom the payee is legally obligated to provide support. (b) The payee has been advised in writing by the transferee to seek independent professional advice and the payee has either received independent professional advice regarding the transfer or knowingly waived independent professional advice in writing. (c) The transfer does not contravene any applicable statute or order of any court or other government authority. (d) The payee understands the transfer agreement, the disclosure statement required under ORS