OR HB3877

Department of Consumer and Business Services must establish an annual licensing program for all rental dwelling units and vacation occupancies in Oregon, with licenses due by February 1 each year and new units licensed within nine months of first rental

Owners must submit detailed information through an online portal including property type, address, bedroom count, construction year, ownership details for anyone with more than 10% interest, current rent amounts, and whether the owner meets criteria identifying institutional investors (such as managing over $150 million in assets or pooling capital from multiple large investors)

Tiered licensing fees apply based on portfolio size, with units serving families below 60% area median income exempt; civil penalties up to $1,000 per year may be assessed for unlicensed units and can become liens on the property

Courts must dismiss eviction actions for units not properly licensed under the program, with judges able to verify licensing status through an online portal created by the department

Program becomes operative January 1, 2027, with DCBS required to publish annual aggregate housing data reports, share data with housing agencies for statewide needs analyses, and contract with a nonprofit property management association to provide free landlord education courses