(1) The information required by ORS § 100.635 must be kept current by the developer. Any material change in the information furnished to the Real Estate Commissioner shall be reported by the developer within 10 days after the change occurs. The report of material changes must:

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Terms Used In Oregon Statutes 100.645

  • Commissioner: means the Real Estate Commissioner. See Oregon Statutes 100.005
  • Developer: means a declarant or any person that acquires an interest in a condominium from declarant, successor declarant or subsequent developer for the primary purpose of resale. See Oregon Statutes 100.005

(a) Be on a form prescribed and furnished by the commissioner for submission of specified information.

(b) Include a revised disclosure statement that reflects any changes in the information described in ORS § 100.655.

(c) Be accompanied by a filing fee as required by ORS § 100.670.

(2) A developer is responsible for the accuracy of and for providing all information required by ORS § 100.635 and any information required under this section for as long as the developer retains any unsold interest in the condominium to which the information pertains.

(3) After review of the report submitted under this section, the commissioner may:

(a) Require the developer to submit any other documents and information relating to the report the commissioner considers necessary in order to determine the material changes reported comply with this chapter.

(b) Require the developer to make necessary changes to the disclosure statement. [Formerly 94.342; 2019 c.69 § 23]

 

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