§ 646a-702

As used in ORS 646A.702 to 646A.720:\n(1) 'Default' means having one or more homeowner obligations in arrears to an extent that a notice of default could properly be recorded against the residence.\n(2) 'Family' means a spouse, domestic partner, parent, stepparent, grandparent, child, stepchild, grandchild, sibling, aunt, uncle, cousin or in-law.\n(3) 'Foreclosure consultant,' except as provided in ORS 646A.705, means a person that directly or through association with another makes a solicitation, representation or offer to a homeowner to perform, for or with the intent to receive compensation from or on behalf of the homeowner, a service that the solicitation, representation or offer indicates will accomplish one or more of the following:\n(a) Prevent, postpone or stop a foreclosure sale.\n(b) Obtain a forbearance from a beneficiary or mortgagee.\n(c) Assist the homeowner in exercising a right of redemption.\n(d) Obtain an extension of the period within which the homeowner may reinstate the homeowner’s obligation.\n(e) Obtain the waiver of an acceleration clause that is:\n(A) Contained in a promissory note or contract; and\n(B) Secured by or contained in a deed of trust for, or

tate the homeowner’s obligation.\n(e) Obtain the waiver of an acceleration clause that is:\n(A) Contained in a promissory note or contract; and\n(B) Secured by or contained in a deed of trust for, or mortgage on, a residence in foreclosure or in default.\n(f) Assist the homeowner in obtaining a loan or advance of funds.\n(g) Avoid or ameliorate an impairment of the homeowner’s credit resulting from a recorded notice of foreclosure or default.\n(4) 'Foreclosure consulting contract' means an agreement between a foreclosure consultant and a homeowner for the provision of services by a foreclosure consultant in regard to a residence in foreclosure or in default.\n(5) 'Homeowner' means the record owner of a residence.\n(6) 'Residence in foreclosure' means residential real property:\n(a) Consisting of one to four single-family dwelling units;\n(b) On which the owner occupies a dwelling unit; and\n(c) Against which a notice of default has been recorded. [2008 c.19 §2]