- Oregon regulates foreclosure consultants under its Mortgage Rescue Protection Act (see http://www.leg.state.or.us/08ss1/measpdf/hb3600.dir/hb3630.en.pdf)Compliments of CreditCRM: Learn more about opening your own Credit Repair Business by letting CreditCRM make you a true Credit Expert. Visit www.creditcrm.com today to learn more.
- The State:
- Requires a contract in writing with 24 hours for property owner to review before signing; Requires statutory format and writing to be in language of negotiation; requires contract to fully disclose property owner’s rights, terms, service, and compensation and property owners rights; Requires contract to be signed; Requires statutory notice of cancellation on first page with consultant’s contact information
- Prohibits waiver of rights, change of venue, choice of law and payment of cost clauses
- Provides for cancellation, rescission of contract at any time; Provides for civil remedies and describes unfair trade violations.
- Attorneys licensed in Oregon are exempt from regulation.
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