ORS 646A.787: Fiduciary responsibilities.
Where this section sits in the code
- 16 - Trade Practices, Labor and Employment
- 50. Trade Regulations and Practices
- Chapter 646A — Trade Regulation
(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.
Collected 2026-09-03T23:50:16Z. Source file · JSON