Oregon HB4128 imposes a 90-day waiting period for certain entities to buy single-family homes.

Oregon HB4128 mandates that institutional real estate investors and entities funded by such investors must wait 90 days before purchasing a single-family residence. The waiting period restarts if the sale price is modified. These entities must submit a notarized disclosure form to the seller and the Department of Justice. The Attorney General can bring civil actions for violations and impose penalties up to $250,000 for significant violations and $10,000 for other violations.

Oregon HB4128 imposes a 90-day waiting period for certain entities to buy single-family homes.

Oregon HB4128 mandates that institutional real estate investors and entities funded by such investors must wait 90 days before purchasing a single-family residence. The waiting period restarts if the sale price is modified. These entities must submit a notarized disclosure form to the seller and the Department of Justice. The Attorney General can bring civil actions for violations and impose penalties up to $250,000 for significant violations and $10,000 for other violations.