______________________________________________________________________________
NOTICE OF CLIENTS' TRUST ACCOUNT AND AUTHORIZATION TO EXAMINE
To: ________ (name of bank)
Under the Oregon Real Estate License Law, I, ____________ (licensed name), am a licensed real estate property manager or licensed principal real estate broker for ____________ (registered business name under ORS 696.026).
Under ORS 696.241, I am required to maintain in Oregon a clients' trust account for the purpose of holding funds belonging to others received in the course of conducting professional real estate activity.
An account numbered _________ in the name of ____________ is hereby designated as a clients' trust account and the account is maintained with you as a depository for money belonging to persons other than myself and in my fiduciary capacity as a licensed real estate property manager or licensed principal real estate broker established by client agreements in separate documents.
I hereby authorize you to furnish information requested by the Real Estate Commissioner and/or authorized representative concerning the account listed above as required by ORS 696.245.
Dated: ____________ (insert date)
__________________
(signature of real estate licensee)
ACKNOWLEDGMENT OF RECEIPT
I, ____________, a duly authorized representative of ____________ (bank), do hereby acknowledge receipt of the above NOTICE OF CLIENTS' TRUST ACCOUNT AND AUTHORIZATION TO EXAMINE on ______ (date).
__________________
(signature)
__________________
(title)
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ORS 696.245
696.245 was added to and made a part of ORS 696.010 to 696.495 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.