{"data":{"id":"us-or/ors-100.665","jurisdiction":"us-or","citation":"ORS 100.665","heading":"Exemption to certain disclosure and notice requirements.","body":"A vendor under a land sale contract, a mortgagee of a mortgage or a beneficiary of a trust deed who becomes a developer by reason of acquiring a unit or units in a condominium through foreclosure of its lien or acceptance of a deed in lieu thereof, is not required to submit a filing to the Real Estate Commissioner under ORS 100.635, or to distribute a disclosure statement under ORS 100.705 or provide the notice to purchaser required under ORS 100.740 if the vendor, mortgagee or beneficiary sells, in a single sale, all of the units so acquired to a developer who agrees to comply with the provisions of ORS 100.635 and 100.705 before negotiating a sale of the unit or units to others.","path":["03 - Landlord-Tenant, Domestic Relations, Probate","10. Property Rights and Transactions","Chapter 100 — Condominiums"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors100.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"0152b4d72227e71c97298312ee02bf5bc3255610597f68c53c287b4b5467d16d","source_id":"us-or","stale":false,"prev":"us-or/ors-100.660","next":"us-or/ors-100.668"},"notice":"GroundRules: Original legal text. Not legal advice."}