Current through 2024 Regular Session legislation
Section 646A.787 - Fiduciary responsibilities(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, gender identity, income or education.Amended by 2021 Ch. 367, § 28, eff. 6/23/2021.