{"data":{"id":"us-or/ors-646a.702","jurisdiction":"us-or","citation":"ORS 646A.702","heading":"Definitions for ORS 646A.702 to 646A.720.","body":"As used in ORS 646A.702 to 646A.720:\n      (1) “Default” means having one or more homeowner obligations in arrears to an extent that a notice of default could properly be recorded against the residence.\n      (2) “Family” means a spouse, domestic partner, parent, stepparent, grandparent, child, stepchild, grandchild, sibling, aunt, uncle, cousin or in-law.\n      (3) “Foreclosure consultant,” except as provided in ORS 646A.705, means a person that directly or through association with another makes a solicitation, representation or offer to a homeowner to perform, for or with the intent to receive compensation from or on behalf of the homeowner, a service that the solicitation, representation or offer indicates will accomplish one or more of the following:\n      (a) Prevent, postpone or stop a foreclosure sale.\n      (b) Obtain a forbearance from a beneficiary or mortgagee.\n      (c) Assist the homeowner in exercising a right of redemption.\n      (d) Obtain an extension of the period within which the homeowner may reinstate the homeowner’s obligation.\n      (e) Obtain the waiver of an acceleration clause that is:\n      (A) Contained in a promissory note or contract; and\n      (B) Secured by or contained in a deed of trust for, or mortgage on, a residence in foreclosure or in default.\n      (f) Assist the homeowner in obtaining a loan or advance of funds.\n      (g) Avoid or ameliorate an impairment of the homeowner’s credit resulting from a recorded notice of foreclosure or default.\n      (4) “Foreclosure consulting contract” means an agreement between a foreclosure consultant and a homeowner for the provision of services by a foreclosure consultant in regard to a residence in foreclosure or in default.\n      (5) “Homeowner” means the record owner of a residence.\n      (6) “Residence in foreclosure” means residential real property:\n      (a) Consisting of one to four single-family dwelling units;\n      (b) On which the owner occupies a dwelling unit; and\n      (c) Against which a notice of default has been recorded.","path":["16 - Trade Practices, Labor and Employment","50. Trade Regulations and Practices","Chapter 646A — Trade Regulation"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors646A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:16Z","sha256":"7cccf0ce4dbfe5401f69dc00674af83b7d0af04f2cf66acf8104b4bd57059867","source_id":"us-or","stale":false,"prev":"us-or/ors-646a.700","next":"us-or/ors-646a.705"},"notice":"GroundRules: Original legal text. Not legal advice."}