Section 725A.521 – Required practices under federal student loan agreement; prohibitions; exemptions.
(1) Except as otherwise required under federal law, in a federal student loan agreement or in a contract between the federal government and a person that services a student loan, a person that services a student loan shall: (a) Assess any fee that the person may assess against a borrower within 45 days after the […]
Section 725A.022 – License application; contents; fee; rules.
(1) An applicant for a license as a payday loan lender or a title loan lender shall apply to the Director of the Department of Consumer and Business Services in writing on a form and in a manner that the director prescribes by rule. An application for a license as a payday loan lender or […]
Section 725A.024 – License application approval; license issuance; applicant qualifications; license denial; term of license; rules.
(1)(a) Within 90 days after receiving an application under ORS 725A.022, the Director of the Department of Consumer and Business Services shall issue and deliver to the applicant a license to conduct business in accordance with ORS 725A.010 to 725A.092 at the location identified in the application if the director finds that: (A) The applicant […]
Section 725A.026 – Grounds for disapproving license application.
(1) The Director of the Department of Consumer and Business Services may disapprove an application submitted under ORS 725A.022 and deny a license to the applicant if a person named in the application: (a) Cannot meet financial obligations as the obligations mature, has liabilities that exceed assets or is in a financial condition that prevents […]
Section 725A.028 – License fee; other fees; rules.
(1) A licensee each year shall pay to the Director of the Department of Consumer and Business Services a license fee in an amount the director specifies by rule. The licensee shall pay the fee not later than the date the director sets in the rule. (2) The director shall specify the amount of the […]
Section 725A.030 – Annual report; contents; penalty; rules.
(1) On or before February 15 of each year, or on a date the Director of the Department of Consumer and Business Services establishes by rule, a licensee shall file a report with the director in a form and with the content the director prescribes by rule. The report must contain information the director requires […]
Section 725A.032 – Business name and location.
(1) A licensee may not conduct a business that is subject to ORS 725A.010 to 725A.092 and 725A.990 except under the name and at the place of business named in the license. The licensee at all times shall display the license conspicuously in the licensee’s place of business. (2) A licensee that changes the location […]
Section 725A.034 – License revocation and suspension.
(1) The Director of the Department of Consumer and Business Services may revoke a license issued under ORS 725A.024 if the director: (a) Gives the licensee 10 days’ written notice in which the director specifies the action the director will take and the general grounds for the action; (b) Provides the licensee with reasonable opportunity […]
Section 725A.036 – License reinstatement; fee.
The Director of the Department of Consumer and Business Services may reinstate a license the director revoked if the licensee: (1) Complies with applicable provisions of law; (2) Complies with a demand, ruling or requirement the director issues or imposes; and (3) Pays a fee of $25. [2010 c.23 §11]
Section 725A.038 – License surrender.
(1) A licensee may deliver a written notice to the Director of the Department of Consumer and Business Services to surrender a license the director issued to the licensee under ORS 725A.024. (2)(a) A licensee shall surrender a license under which no material loan activity has occurred for a period of 12 consecutive months. (b) […]