(b) Notwithstanding any other provision of law, any cost for a guaranteed asset protection waiver into which a borrower enters, whether in compliance with the Truth in Lending Act, 15 U.S.C. 1601 et seq., and regulations promulgated under the Truth in Lending Act, or not, must be stated separately in the finance agreement and is not a finance charge or interest.
(2) ORS 646A.770 to 646A.787 do not apply to:
(a) An insurance policy that an insurer offers under the provisions of the Insurance Code;
(b) A debt cancellation contract or debt suspension agreement offered in compliance with 12 C.F.R. 37.2 or 12 C.F.R. part 721, both as in effect on January 1, 2016;
(c) A state bank, as defined in ORS 706.008, or a credit union, as defined in ORS 723.008; or
(d)(A) An addendum to a finance agreement that is sold or assigned to a licensee, as defined in ORS 725.010, and that is secured by a motor vehicle, under the terms of which a creditor agrees to waive the creditor’s right to collect all or part of an amount due from a borrower under the terms of the finance agreement or to release the borrower from an obligation to pay the creditor an amount due under the finance agreement if the motor vehicle:
(i) Suffers physical damage that is equivalent to a total loss; or
(ii) Is stolen and not recovered.
(B) The addendum to the finance agreement described in subparagraph (A) of this paragraph is not insurance and is not subject to the provisions of the Insurance Code. [2015 c.523 §2; 2017 c.451 §1; 2021 c.97 §71]
Structure 2021 Oregon Revised Statutes
Volume : 16 - Trade Practices, Labor and Employment
Chapter 646A - Trade Regulation
Section 646A.030 - Definitions for ORS 646A.030 to 646A.042.
Section 646A.032 - Price list for health spa services.
Section 646A.034 - Contracts; contents.
Section 646A.038 - Moneys paid prior to facility opening; disposition; priority of claim; refund.
Section 646A.050 - Definitions.
Section 646A.052 - Form of purchase agreement.
Section 646A.060 - Purchase of used goods; records; application to pawnbrokers.
Section 646A.064 - Definitions for ORS 646A.064 to 646A.067.
Section 646A.066 - Applicability to local ordinances.
Section 646A.068 - Penalty for violating ORS 646A.065.
Section 646A.070 - Sale of telephonic equipment; disclosure requirements; enforcement; penalty.
Section 646A.072 - Exceptions to disclosure requirements.
Section 646A.075 - Required information prior to purchase of dog.
Section 646A.080 - Sale of novelty item containing mercury; penalty.
Section 646A.081 - Prohibition on sale or installation of mercury vapor outdoor lighting fixtures.
Section 646A.092 - Advertisements for sale or lease of motor vehicle; exceptions.
Section 646A.100 - Definitions for ORS 646A.100 to 646A.110.
Section 646A.104 - Information required in notice of intent.
Section 646A.108 - Prohibited conduct.
Section 646A.110 - Applicability of ORS 646A.100 to 646A.110 and 646A.112.
Section 646A.112 - Injunction of sham sale; evidence; attorney fees; defense; definitions.
Section 646A.120 - Definitions for ORS 646A.120 to 646A.134.
Section 646A.122 - Applicability of ORS 646A.120 to 646A.134.
Section 646A.124 - General disclosure requirements.
Section 646A.126 - Specific disclosure requirements.
Section 646A.128 - Provisions prohibited in lease-purchase agreements.
Section 646A.130 - Reinstatement of lease-purchase agreement by consumer; receipt for each payment.
Section 646A.132 - Renegotiation or extension of lease-purchase agreement.
Section 646A.134 - Disclosures required in advertisement for lease-purchase agreements.
Section 646A.140 - Definitions for ORS 646A.140 and 646A.142.
Section 646A.142 - Rental vehicle collision damage waiver notice.
Section 646A.150 - Applicability of ORS 646A.150 to 646A.172.
Section 646A.152 - Definitions for ORS 646A.150 to 646A.172.
Section 646A.156 - Required contents of service contracts.
Section 646A.158 - Prohibited conduct.
Section 646A.164 - Complaints and investigations confidential; exceptions.
Section 646A.166 - Refusal to continue or suspension or revocation of registration.
Section 646A.168 - Assessment fee; rules; purpose; registration fee.
Section 646A.172 - Rules; exemption of certain obligors.
Section 646A.200 - Definitions for ORS 646A.202 and 646A.204.
Section 646A.204 - Customer information.
Section 646A.214 - Verification of identity in credit or debit card transactions.
Section 646A.220 - Credit card solicitation; required disclosure; definitions.
Section 646A.222 - Charge card solicitation; required disclosure; definitions.
Section 646A.230 - Action by Attorney General or district attorney; civil and criminal penalties.
Section 646A.274 - Definitions for ORS 646A.276 and 646A.278.
Section 646A.278 - Requirements for sale of gift card that expires.
Section 646A.280 - Definitions for ORS 646A.280 to 646A.290.
Section 646A.282 - Simulated invoices prohibited.
Section 646A.284 - Cause of action by Attorney General; judgment; attorney fees.
Section 646A.286 - Cause of action by private party; judgment; attorney fees.
Section 646A.288 - Presumptions in cause of action brought under ORS 646A.284 or 646A.286.
Section 646A.290 - Construction; other remedies.
Section 646A.293 - Definitions for ORS 646A.293 and 646A.295.
Section 646A.295 - Prohibited actions; requirements; timing; failure to obtain consent; exceptions.
Section 646A.300 - Definitions for ORS 646A.300 to 646A.322.
Section 646A.306 - Repurchase of inventory by supplier; effect of new retailer agreement.
Section 646A.308 - Civil action for supplier’s failure to pay; venue.
Section 646A.310 - Prohibited conduct by supplier.
Section 646A.314 - New or relocated dealership; notice; area of responsibility.
Section 646A.316 - Warranty claims; payment; time for completion.
Section 646A.318 - Warranty claims; processing.
Section 646A.320 - Retailer’s improvements to products.
Section 646A.322 - Remedies; arbitration; cause of action; attorney fees; injunctive relief.
Section 646A.340 - Definitions for ORS 646A.340 to 646A.348.
Section 646A.342 - Prohibited conduct; required verifications and notice.
Section 646A.344 - Bond or letter of credit; action; exceptions.
Section 646A.360 - Unsolicited facsimile machine transmissions.
Section 646A.370 - Definitions for ORS 646A.370 to 646A.374.
Section 646A.372 - Limits on usage of automatic dialing and announcing device.
Section 646A.374 - Prohibited actions.
Section 646A.400 - Definitions for ORS 646A.400 to 646A.418.
Section 646A.402 - Availability of remedy.
Section 646A.404 - Consumer’s remedies; manufacturer’s affirmative defenses.
Section 646A.414 - Limitations on actions against dealers.
Section 646A.416 - Limitation on commencement of action.
Section 646A.430 - Definitions for ORS 646A.430 to 646A.450.
Section 646A.432 - Applicability of ORS 646A.430 to 646A.450; applicability of other law.
Section 646A.434 - Sale of vehicle protection product; conditions and requirements.
Section 646A.436 - Warrantor registration; requirements; expiration; fees; rules.
Section 646A.438 - Reimbursement insurance; requirements; insurer qualifications.
Section 646A.440 - Required provisions of reimbursement insurance policy; cancellation; notice.
Section 646A.444 - Recordkeeping requirements for warrantor; record retention.
Section 646A.446 - Prohibited conduct for warrantor.
Section 646A.448 - Prohibited activities.
Section 646A.450 - Rules; investigative powers of department.
Section 646A.460 - Definitions for ORS 646A.460 to 646A.476.
Section 646A.462 - Express warranty; duration.
Section 646A.464 - Repair of assistive device.
Section 646A.466 - Replacement or refund after attempt to repair.
Section 646A.468 - Procedures for replacement or refund.
Section 646A.470 - Sale or lease of returned assistive device.
Section 646A.472 - Dispute resolution.
Section 646A.476 - Civil action for damages; attorney fees; limitation on actions.
Section 646A.480 - Definitions for ORS 646A.480 to 646A.495.
Section 646A.482 - Estimate required before beginning work; contents; evaluation.
Section 646A.490 - Additional prohibited actions; reassembly required; copies.
Section 646A.495 - Owner designee; waiver of authorization requirement.
Section 646A.500 - Legislative findings; declaration of purpose.
Section 646A.504 - Definitions for ORS 646A.500 to 646A.514.
Section 646A.506 - Prohibited conduct.
Section 646A.510 - Exemptions.
Section 646A.525 - Definitions for ORS 646A.525 to 646A.535.
Section 646A.540 - Definitions; labeling and packaging requirements; preemption.
Section 646A.542 - Requirement to document compliance.
Section 646A.544 - Local government enforcement; notice required; penalties.
Section 646A.560 - Legislative findings.
Section 646A.562 - Definitions for ORS 646A.560 to 646A.566.
Section 646A.564 - Standards for mercury content in electric lamps; exceptions.
Section 646A.575 - Definitions for ORS 646A.575 to 646A.590.
Section 646A.577 - Limited license required; application; fee; renewal; prohibited representations.
Section 646A.582 - Written disclosure requirements.
Section 646A.585 - Exceptions to license requirement; prohibited representations; acts of employees.
Section 646A.592 - Enforcement.
Section 646A.602 - Definitions for ORS 646A.600 to 646A.628.
Section 646A.606 - Security freeze; requirements; proof of authority; effect.
Section 646A.610 - Fees not permitted.
Section 646A.612 - Conditions for lifting or removing security freeze.
Section 646A.614 - Effect of security freeze on use of consumer reports or protective records.
Section 646A.624 - Powers of director; penalties.
Section 646A.628 - Allocation of moneys.
Section 646A.640 - Definitions.
Section 646A.643 - License requirement to engage in debt buying; exemptions.
Section 646A.652 - Required notices.
Section 646A.655 - Compliance with director’s standards; rules.
Section 646A.658 - Prohibited practices.
Section 646A.664 - Enforcement actions; penalties.
Section 646A.667 - Preemption.
Section 646A.683 - Requirement to report increase in drug price; exemptions.
Section 646A.692 - Civil penalty.
Section 646A.695 - Annual fees assessed against drug manufacturers; rules.
Section 646A.702 - Definitions for ORS 646A.702 to 646A.720.
Section 646A.705 - Persons that are not foreclosure consultants.
Section 646A.710 - Foreclosure consulting contract; requirements; void provisions.
Section 646A.720 - Prohibited acts of foreclosure consultant.
Section 646A.725 - Definitions for ORS 646A.725 to 646A.750.
Section 646A.730 - Persons that are not equity purchasers.
Section 646A.735 - Written contract; requirements; void provisions; power of attorney prohibited.
Section 646A.745 - Required and prohibited acts.
Section 646A.755 - Acts not precluded.
Section 646A.770 - Definitions.
Section 646A.773 - Applicability of Insurance Code; statement of costs; exemptions.
Section 646A.781 - Cancellation and expiration; refunds; effect of sale, assignment or transfer.
Section 646A.784 - Reimbursement insurance policies for guaranteed asset protection waivers.
Section 646A.787 - Fiduciary responsibilities.
Section 646A.800 - Late fees on delinquent cable service accounts; amount; disclosure; notice.
Section 646A.808 - Obtaining personal information by false representation via electronic media.
Section 646A.813 - Security requirements for Internet-connected devices; exemptions; penalty.