OR HB3746

Establishes a 7-year statute of limitations for homeowners associations (HOAs) and condominium associations to file tort claims for construction defects, with a 1-year extension if defects are discovered between years 6 and 7 after substantial completion

Requires HOAs and condominium associations to provide owners with detailed written notice at least 90 days before initiating construction defect litigation, including a warning that pending litigation may limit owners' ability to sell their property

Mandates condominium boards to conduct independent moisture intrusion inspections before the end of years 2 and 6 following substantial completion, with the first inspection paid from reserve funds

Extends contractor response timelines for construction defect claims filed by HOAs or condominium associations from 14 days to 30 days for visual examinations and inspections, with written responses due within 90 days or 14 days after inspection

Requires contractors' monetary compensation offers to equal the actual cost of remediation and gives property owners the choice between accepting payment or having the contractor perform repairs directly