A title company may give a thing of value, except money, to an intermediary if the net cost to the title company is $2 or less per thing of value or individual receiving the thing of value, whichever is applicable, and if the thing of value is used only by the intermediary and not further distributed to other persons, except that the intermediary may distribute the thing of value to other persons if the thing of value is:

1. (1) Printed information about the title company or a person affiliated with the title company;
2. (2) Any service or product offered by the title company or a person affiliated with the title company; or
3. (3) Any business activity of the title company or a person affiliated with the title company.

Statutory/Other Authority

ORS 731.244

Statutes/Other Implemented

ORS 746.045, 746.055, 746.160 & 746.240

History

ID 9-1996, f. 6-25-96, cert. ef. 7-1-96
IC 3-1980, f. 7-7-80, ef. 8-1-80