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2019 Oregon Revised Statutes
Volume : 16 - Trade Practices, Labor and Employment
Chapter 646A - Trade Regulation
Section 646A.787 - Fiduciary responsibilities.
Universal Citation: OR Rev Stat § 646A.787 (2019)
(1) A person that is subject to ORS 646A.770 to 646A.787 shall act in a fiduciary capacity with respect to funds the person receives or holds for the benefit of another person.
(2) A person that sells a guaranteed asset protection waiver in connection with a retail sale of a motor vehicle may not:
(a) Charge more for the guaranteed asset protection waiver than five percent of the amount the borrower finances under a finance agreement; or
(b) Vary the benefits, terms, conditions or price of the guaranteed asset protection waiver on account of a borrower’s race, sex, sexual orientation, income or education. [2015 c.523 §7]
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