A properly executed Landscape Contracting
Business Assignment of Savings or Deposit must:
(a) Be in the form required by the agency as
the Landscape Contracting Business Assignment of Savings Account or Deposit.
(b) Be signed by an owner or
officer of the landscape contracting business;
(c) Be signed by an authorized agent of the
bank or financial institution or by one having power of attorney and must bear
an account number. Additionally, the agency may require the licensee and bank
or financial institution to use the most recent revision of the Assignment of
Savings Account or Deposit form; and
(2) Letters of credit or cash assignment
documents received at the agency office from a bank or financial institution
via electronic facsimile or as a PDF file transmitted by e-mail or
electronically may be accepted as original documents. The bank or financial
institution must provide the original documents to the agency upon request.
(3) Letters of credit or cash
assignment documents must be renewed every year upon renewal of the landscape
contracting business license.
Or. Admin. R.
LCB 7-2009, f. & cert.
9-2015, f. 12-22-15, cert. ef.
Stat. Auth.: ORS 670.310 & 671.670
Stats. Implemented: ORS