Oregon Code § 456.582·Enacted ·Last updated March 01, 2026
Statute Text
Prohibited acts; civil penalty.
(1) No person, either personally or by an agent, shall:
(a) Make any
material omission or false statement in the application for a single-family
residential loan financed by the Housing and Community Services Department; or
(b) Sell, rent or
fail to occupy as a primary residence a single-family residence subject to an
outstanding residential loan financed by the Housing and Community Services
Department without the express written permission of the Housing and Community
Services Department.
(2) In addition
to any other penalties provided by law and in addition to any other powers of
the Director of the Housing and Community Services Department, the director may
impose a civil penalty for violation of any of the provisions of subsection (1)
of this section. No civil penalty shall exceed $5,000 per violation.
(3) Civil
penalties under this section shall be imposed as provided in ORS 183.745.
(4) All penalties
recovered shall be paid into the Housing Finance Fund established under ORS
456.720. [1979 c.327 §§23,24; 1989 c.706 §16; 1991 c.734 §31]