Compliance News: Prepayment Penalty Matrix
Jun 28, 2023
Oregon House Bill 2029 (2023) states in part:
“SECTION 1. ORS 205.232 is amended to read:
205.232. Except as provided in ORS 205.327, a county clerk shall not accept any instrument for recording unless the text of the instrument is typed, written or printed in [8-point] 10-point type or larger on paper that is not larger than 14 inches long and 8-1/2 inches wide and which paper is of sufficient quality for recording photographically.”
At this time, Docutech is updating fonts to at least 10-point in the following documents:
This statute change becomes effective January 1, 2024, however, a timeline for stage testing the documents listed above will be announced at a much earlier date on Docutech’s Compliance website at https://compliance.docutech.com/.
The preceding is for informational purposes only and is not and may not be construed as legal advice. No third-party entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such third party should consult with an attorney prior to embarking upon any specific course of action.