OR HB3521

Extends the deadline for landlords to return hold deposits from four to five business days when a rental agreement fails due to landlord non-compliance or tenant rejection based on habitability issues

Requires landlords to provide written disclosure of conditions for refunding or retaining the deposit before collecting it, in addition to existing requirements about rent, fees, and agreement terms

Allows applicants to reject a hold deposit agreement and receive a refund if they discover material habitability defects as described in ORS 90.320(1)

Establishes a penalty for late deposit returns equal to the greater of the deposit amount or an amount agreed to by the parties, unless delay was caused by an act of God

Applies to deposits received on or after January 1, 2026