reglab/housing_qa huggingface dataset:
OR Rev Stat § 674.130 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.130 - Appraisal standards for federally related transactions.

Notwithstanding any other provision of law, any real estate appraisal that is performed in connection with a federally related transaction shall be in writing and shall be performed and completed in accordance with the appraisal standards established by the federal financial institution regulatory agency having jurisdiction over the federally related transaction for which the appraisal is performed. In the event of any conflict between the provisions of any other law and the appraisal standards established by the federal financial institution regulatory agency having jurisdiction, the standards established by the federal financial institution regulatory agency shall prevail. [1991 c.5 §9]
OR Rev Stat § 674.145 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.145 - Procedures to follow before instigating disciplinary proceedings; timing of proceedings; rules.

(1) As used in this section, "objective basis" means a substantial objective basis for believing that, more likely than not, a violation of ORS 674.140 has occurred and a person subject to discipline under ORS 674.140 has committed the violation. (2) Before disciplining a person under ORS 674.140, the Appraiser Certification and Licensure Board shall establish a subcommittee for the purpose of making a recommendation as to whether an objective basis exists to believe that the alleged violation occurred. (3) To establish a subcommittee under this section, the board shall appoint to the subcommittee three members from among members of the board. (4) A subcommittee shall review the facts of an alleged violation and, within 30 days of being established, make a recommendation described in subsection (2) of this section. If the subcommittee recommends that an objective basis exists, the subcommittee shall submit a report to the board describing the specific violation that occurred and the facts supporting the subcommittee’s recommendation. (5) Except as provided in subsection (6) of this section, the board may commence disciplinary proceedings only after receiving a report under subsection (4) of this section. (6) Upon a finding of serious danger to the public health or safety, the board may impose a form of discipline as allowed under ORS 183.430 (2) before receiving a report under subsection (4) of this section. (7) The board may not commence disciplinary proceedings under ORS 674.140 after the later of: (a) Five years after the date the real estate appraisal activity or other act giving rise to the disciplinary proceedings was completed or should have been completed; or (b) The expiration of the time period specified in ORS 674.150 for the retention of the records for the appraisal or real estate appraisal activity giving rise to the disciplinary proceedings. (8) The board shall adopt rules to implement this section. [2013 c.532 §2; 2019 c.114 §1] Note: 674.145 was added to and made a part of ORS chapter 674 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 674.150 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.150 - Maintenance of appraisal records.

Every state certified appraiser and every state licensed appraiser shall maintain records of all real estate appraisal activity conducted by the appraiser. The records shall at all times be open for inspection by the Appraiser Certification and Licensure Board or its duly authorized representatives. The records shall be maintained by the appraiser for a period of not less than five years after the date of completion of the appraisal to which the record pertains or for a period of not less than two years after final disposition of a judicial proceeding in which testimony relating to the records was given, whichever period expires later. [1991 c.5 §17; 1995 c.234 §1; 2001 c.332 §2]
OR Rev Stat § 674.160 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.160 - Reciprocal agreements with other states; procedures.

(1) If the administrator of the Appraiser Certification and Licensure Board determines that the standards, qualifications and examinations for licensing, certifying or registration of real estate appraisers of another state are substantially similar to the standards, qualifications and examinations required under this chapter and the rules adopted pursuant thereto, the administrator with approval of the Appraiser Certification and Licensure Board may enter into a reciprocal agreement with such other state to issue without examination licenses or certificates upon proof of licensing or certification in such other state and upon payment of appropriate fees. (2) Reciprocal agreements may be terminated by the administrator with approval of the Appraiser Certification and Licensure Board upon a determination that the other state is not maintaining and enforcing standards, qualifications and examinations substantially similar to those of this state. [1993 c.465 §4]
OR Rev Stat § 674.210 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.210 - Surety bond.

(1) An applicant for issuance or renewal of an appraisal management company registration shall file with the Appraiser Certification and Licensure Board a surety bond with one or more corporate sureties authorized to do business in this state, or an irrevocable letter of credit issued by an insured institution, as defined in ORS 706.008, in the amount of $25,000. (2) The surety bond or letter of credit required under subsection (1) of this section must: (a) Be conditioned that the applicant pays: (A) All amounts owing to persons who perform real estate appraisal activity for the appraisal management company; and (B) All amounts adjudged against the appraisal management company by reason of negligent or improper real estate appraisal activity or appraisal management services or breach of contract in performing real estate appraisal activity or appraisal management services; and (b) Require the surety company to provide written notice to the board by registered or certified mail: (A) At least 30 days before the surety company cancels or revokes the bond; or (B) When the surety company pays for a loss under the bond. (3) In lieu of the surety bond or letter of credit required under subsection (1) of this section, the appraisal management company may file with the board, under the same terms and conditions as when a bond is filed, a deposit in cash or negotiable securities acceptable to the board. (4) The surety bond, letter of credit or deposit required by this section must be continuously on file with the board in the amount of $25,000 and is for the exclusive purpose of payment of the obligations listed in subsection (2) of this section. Upon termination or cancellation of the bond, withdrawal of the deposit or reduction of the bond, letter of credit or deposit to less than $25,000, a registered appraisal management company shall: (a) File a replacement bond, letter of credit or deposit within the time period established by the board by rule; or (b) Surrender the company’s registration to the board and cease operating as an appraisal management company. (5) Any person damaged by an appraisal management company’s failure to pay an obligation listed in subsection (2) of this section has a right of action under the bond. An action under the bond must be commenced within one year after the appraisal management company fails to pay the amount owing or the amount adjudged against the appraisal management company. [2010 c.87 §3; 2011 c.447 §10] Note: See note under 674.200.
OR Rev Stat § 674.215 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.215 - Audits; rules.

(1) The Appraiser Certification and Licensure Board may adopt rules establishing a procedure for auditing an appraisal management company registered under ORS 674.205 to examine the appraisal management company’s compliance with ORS 674.200 to 674.250. (2) If an appraisal management company fails an audit, the board may impose a civil penalty under ORS 674.995. [2010 c.87 §4; 2011 c.447 §11] Note: See note under 674.200.
OR Rev Stat § 674.225 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.225 - Payment to independent contractor appraiser.

Except in the case of breach of contract or substandard performance of real estate appraisal activity, an appraisal management company shall make payment to an independent contractor appraiser for the completion of an appraisal or appraisal review assignment: (1) Within 45 days after the appraiser provides the completed appraisal report to the appraisal management company; or (2) In accordance with another payment schedule agreed to by the appraiser and the appraisal management company. [2010 c.87 §6; 2011 c.447 §13; 2013 c.364 §1] Note: See note under 674.200.
OR Rev Stat § 674.230 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.230 - Forwarding of complaints; rules.

The Appraiser Certification and Licensure Board shall adopt rules requiring an appraisal management company to forward a complaint from a person with an interest in a real estate transaction for which an appraisal was arranged by the appraisal management company to the client that requested the appraisal. [2010 c.87 §7; 2011 c.447 §14] Note: See note under 674.200.
OR Rev Stat § 674.235 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.235 - Denial, suspension and revocation of registration.

The Appraiser Certification and Licensure Board may deny registration or renewal of registration to an appraisal management company or suspend or revoke an appraisal management company registration for a violation of ORS 674.200 to 674.250, or of rules adopted by the board. [2010 c.87 §8; 2011 c.447 §15] Note: See note under 674.200.
OR Rev Stat § 674.240 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.240 - Duty to report unethical or unprofessional conduct.

Any employee of an appraisal management company who has reasonable basis to believe that an appraiser has failed to comply with the Uniform Standards of Professional Appraisal Practice, is violating the law or is otherwise engaging in unethical or unprofessional conduct, shall notify the Appraiser Certification and Licensure Board if the appraiser’s conduct is likely to have a material effect on the value assigned to the real estate being appraised. [2011 c.447 §17] Note: See note under 674.200.
OR Rev Stat § 674.245 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.245 - Documentation of training; rules.

The Appraiser Certification and Licensure Board shall adopt rules requiring an appraisal management company to provide documentation to the board showing that the appraisal management company provides training, in accordance with rules adopted by the board, to employees of the appraisal management company who: (1) Select appraisers for an appraiser panel; (2) Select appraisers to perform real estate activity; or (3) Perform quality control examinations. [2011 c.447 §18] Note: See note under 674.200.
OR Rev Stat § 674.250 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.250 - Fees.

(1) The Appraiser Certification and Licensure Board shall collect from each appraisal management company an annual registry fee in an amount determined by the Appraisal Subcommittee as set forth in federal law. (2) The board shall establish by rule fees for appraisal management companies, including but not limited to fees for: (a) Application for registration. (b) Registration. (c) Renewal of registration. (d) Duplicate registration. (e) Renewal of inactive registration. (f) Reactivation of inactive registration. (g) Late renewal of registration. (h) Inactive status. (3) All moneys collected or received by the board pursuant to this section shall be paid into the account created by the board under ORS 182.470. [2011 c.447 §19; 2021 c.313 §5] Note: See note under 674.200.
OR Rev Stat § 674.305 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.305 - Appraiser Certification and Licensure Board; appointment; term; compensation; conduct of business; rules.

(1) The Appraiser Certification and Licensure Board is established. The board shall operate as a semi-independent state agency subject to ORS 182.456 to 182.472 for purposes of carrying out the provisions of this chapter. The board shall consist of eight members. The members shall be appointed by the Governor and must be residents of this state. (2) The board shall be composed of: (a) Five appraisers certified or licensed under ORS 674.310; (b) One individual who is employed by a financial institution or a mortgage banker; (c) One member who represents appraisal management companies registered under ORS 674.205; and (d) One individual who is a public member and who: (A) Is not engaged in professional real estate activity; (B) Is not a state certified or state licensed appraiser; (C) Is not employed by a financial institution or a mortgage banker; and (D) Does not have a direct financial interest in any person who is required, or whose employees or agents are required, to be state licensed or state certified appraisers. (3) The term of office of each member is four years with two terms maximum, but a member serves at the pleasure of the Governor. Before the expiration of the term of a member, the Governor shall appoint a successor whose term begins on July 1 next following. A member is eligible for reappointment. If there is a vacancy for any cause, the Governor shall make an appointment to become immediately effective for the unexpired term. A member may not be appointed to serve more than two consecutive terms on the board. (4) The board shall select one of its members as chairperson and another as vice chairperson, for such terms and with duties and powers necessary for the performance of the functions of such offices as the board determines. (5) A majority of the members of the board constitutes a quorum for the transaction of business. (6) The board shall meet at least once every three months at a place, day and hour determined by the board. The board also shall meet at other times and places specified by the call of the chairperson or of a majority of the members of the board. (7) In accordance with applicable provisions of ORS chapter 183, the board shall adopt rules necessary for the administration of this chapter. (8) The appointment of a member of the board is subject to confirmation by the Senate in the manner prescribed in ORS 171.562 and 171.565. [1991 c.5 §4; 1993 c.18 §146; 1993 c.744 §219; 2001 c.521 §11; 2005 c.109 §4; 2011 c.447 §22]
OR Rev Stat § 674.320 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.320 - Continuing authority of board.

The lapsing or suspension of a certificate, license or registration by operation of law, by order of the Appraiser Certification and Licensure Board, by decision of a court of law or by the voluntary surrender of a certificate, license or registration by an appraiser or appraiser assistant does not deprive the board of jurisdiction to proceed with any investigation of or any action or disciplinary proceedings against the appraiser or appraiser assistant, or to revise or render null and void an order suspending or revoking the certificate, license or registration. [1991 c.5 §15; 2005 c.254 §7]
OR Rev Stat § 674.330 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.330 - Fees; rules.

(1) The Appraiser Certification and Licensure Board shall collect from each state certified appraiser and each state licensed appraiser an annual registry fee as required by the federal Act and in an amount determined by the Appraisal Subcommittee. (2) Except as provided in subsection (1) of this section and in addition to any fees required by subsection (1) of this section, the board may establish by rule fees to be charged and collected under this chapter. The fees established by the board may include, but need not be limited to, fees: (a) For each certification or licensure examination administered under ORS 674.310. (b) For each certificate or license awarded or issued under ORS 674.310. (c) For each renewal of a certificate or license awarded or issued under ORS 674.310. (d) For each duplicate certificate or license, where the original license is lost or destroyed and affidavit made thereof. (e) For the renewal of an inactive certificate or license. (f) For the reactivation of an inactive certificate or license. (g) For late renewal, in addition to the renewal fee. (h) For a temporary registration provided for under ORS 674.120. (i) For each application. (j) For inactive status. (k) For each walk-in examination. (L) For each appraiser assistant registration. (m) For each appraiser assistant renewal. [1991 c.5 §10; 1993 c.89 §1; 1993 c.465 §7; 2005 c.109 §5; 2021 c.313 §6]
OR Rev Stat § 674.340 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.340 - Board funds; Federal Registry Fund.

(1) All moneys, fees and charges collected or received by the Appraiser Certification and Licensure Board pursuant to ORS 674.250 and 674.330 shall be paid into the account created by the board under ORS 182.470. All moneys in the account are appropriated continuously to the board to carry out the duties that the board is charged with administering. (2) The Federal Registry Fund is established in the account created by the board under ORS 182.470. Proceeds received under ORS 674.250 (1) and 674.330 (1) shall be deposited in the Federal Registry Fund for the sole purpose of remitting the funds to the Federal Financial Institutions Examination Council in accordance with the federal Act. [1991 c.5 §11; 1993 c.744 §222; 2001 c.521 §13; 2005 c.109 §6; 2021 c.313 §7]
OR Rev Stat § 674.405 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.405 - Adjustments to appraisal not required based on form of conveyance.

A person engaging in or carrying on real estate appraisal activity shall not be required to make adjustments to otherwise comparable sales solely on the basis of the form of the conveyance. [1993 c.41 §2]
OR Rev Stat § 674.410 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.410 - Written report required to present testimony on appraisal.

A person shall not testify or otherwise present evidence regarding an appraisal or appraisal report in a proceeding under ORS 183.413 to 183.497, a circuit court action or otherwise before a lawfully established board or commission unless the person has prepared a written report on the appraisal or appraisal report prior to presenting testimony or evidence. [1997 c.417 §7]
OR Rev Stat § 674.850 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.850 - Civil penalties.

(1) The Appraiser Certification and Licensure Board may impose a civil penalty, not to exceed $500 for each violation, on a person who violates a provision of ORS 674.130 to 674.150 or a rule or final order of the board or a judgment made by a court upon application of the board. (2) The board may impose a civil penalty on a person who violates ORS 674.100 (1) in an amount that is: (a) Not less than $100 and not more than $500 for the first violation; and (b) Not less than $500 and not more than $1,000 for a subsequent violation. (3) In addition to the civil penalties set forth in subsection (2) of this section, the board may impose a civil penalty on a person who violates ORS 674.100 (1) in an amount that does not exceed the amount by which the person profited in the transaction in violation of ORS 674.100 (1). (4) The board shall impose civil penalties under this section in the manner provided in ORS 183.745. (5)(a) The provisions of this section are in addition to and not in lieu of other enforcement provisions contained in ORS 674.140 and 674.310. (b) The civil penalty provisions of subsections (2) and (3) of this section are in addition to and not in lieu of the criminal penalties for uncertified, unlicensed or unregistered real estate appraisal activity in ORS 674.990. (6) The remedies provided in this section are in addition to and not exclusive of other remedies provided by law. [1991 c.5 §§13,14; 1993 c.744 §223; 2003 c.576 §541; 2005 c.109 §7; 2005 c.254 §9a]
OR Rev Stat § 674.990 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.990 - Criminal penalties.

(1) Violation of ORS 674.100 (1) is a Class A misdemeanor. (2) An officer, director, shareholder or agent of a corporation, or member or agent of a partnership or association, who personally participates in or is an accessory to a violation of ORS 674.100 (1) by the partnership, association or corporation, is subject to subsection (1) of this section. [1991 c.5 §16; 1997 c.417 §4; 2005 c.109 §8; 2005 c.254 §10a]
OR Rev Stat § 674.995 (2021)
2021 Oregon Revised Statutes|Volume : 17 - Occupations|Chapter 674 - Real Estate Appraisers and Appraisal|Section 674.995 - Civil penalties for violation of ORS 674.200 to 674.250.

(1) In accordance with ORS chapter 183, the Appraiser Certification and Licensure Board may impose a civil penalty, not to exceed $15,000 for each violation, on a person who violates a provision of ORS 674.200 to 674.250 or any rule adopted by the board under ORS 674.200 to 674.250. (2) The civil penalty under this section is in addition to and not in lieu of any other penalty or sanction provided by law. [2010 c.87 §9; 2011 c.447 §20] Note: 674.995 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 674 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.