- (1) The escrow agent must pay to the Agency the reasonable expenses of an audit or examination as authorized by ORS 696.541.
- (2) The Real Estate Commissioner may require an escrow agent to submit to the Commissioner an independent audit by a certified public accountant or a public accountant, conducted at the escrow agent's expense. The Commissioner may specify the nature and scope of the independent audit. If an escrow agent submits a required independent audit to the Commissioner or the Commissioner's authorized representative, this does not preclude any subsequent audit within the same year.
Statutory/Other Authority
ORS 696.385 & 696.541
Statutes/Other Implemented
ORS 696.534 & 696.541
History
REA 31-2018, minor correction filed 01/05/2018, effective 01/05/2018
REA 1-2009, f. 12-15-09, cert. ef. 1-1-10
REA 5-2003, f. 12-24-03, cert. ef. 1-1-04
REA 2-1997, f. 6-18-97, cert. ef. 7-1-97
REA 5-1992, f. 8-4-92, cert. ef. 9-1-92
REA 2-1990, f. 4-18-90, cert. ef. 7-1-90
REC 6-1984, f. 6-18-84, ef. 7-1-84
REC 2-1981, f. 10-30-81, ef. 11-1-81
REC 5-1978, f. 11-15-78, ef. 1-1-79
REC 34, f. 2-8-73, ef. 3-1-73
REC 29, f. 12-9-70, ef. 1-10-71