Section 697.672 – Requirement to make, keep and maintain records; rules.
(1) A debt management service provider shall make, keep and maintain accounts, correspondence, memoranda, papers, books and other records that the Director of the Department of Consumer and Business Services by rule determines are necessary to ensure that the debt management service provider is complying with the provisions of ORS 697.602 to 697.842. (2) A […]
Section 697.682 – Trust accounts for client funds; statements.
(1) A debt management service provider that holds a consumer’s funds, directly or indirectly, shall establish a trust account in this state with an insured institution, as defined in ORS 706.008, in which to keep the consumer funds that the debt management service provider holds. (2) The debt management service provider may establish a separate […]
Section 697.692 – Fees; circumstances in which consumer may void contract; prohibition of waiver; rules.
(1) Subject to subsection (4) of this section, a debt management service provider may charge a consumer only the following fees: (a) An initial fee of not more than $50. (b) A fee reasonably calculated to recover the costs that the debt management service provider incurs in providing an initial counseling session or education class. […]
Section 697.526 – Notice of fees and charges; filing with department.
A check-cashing business shall conspicuously post and at all times display in each business location a notice that states the fees, services charges or other consideration that the business charges for cashing payment instruments. A licensee shall also file with the Director of the Department of Consumer and Business Services a copy of the notice […]
Section 697.702 – Interference with records of debt management service provider.
(1) A person commits the offense of interfering with records of a debt management service provider if, with respect to a record to which ORS 697.672 applies, the person intentionally: (a) Makes a false entry in the record; or (b) Mutilates, destroys or otherwise disposes of the record. (2) Subsection (1)(b) of this section does […]
Section 697.528 – Records; retention; examination costs; rules.
(1) A check-cashing business shall make, keep and maintain all records used in providing money, credit or any other thing of value in exchange for payment instruments that the Director of the Department of Consumer and Business Services may reasonably require. The check-cashing business shall keep and maintain the records that the director requires under […]
Section 697.707 – Required disclosures.
(1) A debt management service provider may not charge or receive from a consumer a fee described in ORS 697.692 until after the debt management service provider makes the disclosures described in this section. (2) A debt management service provider shall give to every consumer for whom the debt management service provider offers to perform […]
Section 697.530 – Prohibited conduct.
A check-cashing business may not: (1) Publish, disseminate or cause to be published or disseminated a communication that contains a false, misleading or deceptive statement or representation. (2) Conduct business at premises or locations other than locations licensed by the Director of the Department of Consumer and Business Services. (3) Engage in unfair, deceptive or […]
Section 697.718 – Liability for consumer’s ascertainable loss; limitation on time to commence action.
(1) A debt management service provider or a person required to obtain a registration as a debt management service provider under ORS 697.612 is liable to a consumer who suffers an ascertainable loss of money or property, real or personal, in connection with the debt management service provider’s or person’s violation of a provision of […]
Section 697.540 – Suspension or revocation of license; grounds; notice and hearing.
(1) The Director of the Department of Consumer and Business Services may by order suspend or revoke any license issued under ORS 697.514 if the director finds that any of the following circumstances are true: (a) The licensee has violated a provision of ORS 697.500 to 697.555 or of a rule or order the director […]