Section 725A.050 – Director’s power to examine or investigate; costs.
(1) The Director of the Department of Consumer and Business Services, to secure information the director requires and to ensure compliance with ORS 725A.010 to 725A.092 and 725A.990 and rules the director adopts under ORS 725A.010 to 725A.092 and 725A.990: (a) May at any time investigate a licensee or a person required under ORS 725A.020 […]
Section 725A.052 – Record keeping requirements.
The Director of the Department of Consumer and Business Services may specify the form and content of the books and records the licensee must keep in accordance with the provisions of ORS 725A.010 to 725A.092 and 725A.990. The licensee shall preserve and make available the books and records for a period of at least two […]
Section 725A.054 – Duty to report defalcation; audit.
(1) A director or officer of a licensee who has reason to believe that a defalcation has occurred at an office of the licensee shall report the defalcation to the local, state or federal law enforcement officer with jurisdiction. (2) A licensee, within five days after the discovery of a defalcation that occurs at an […]
Section 725A.010 – Definitions.
As used in ORS 725A.010 to 725A.092 and 725A.990: (1)(a) “Broker or facilitator” means a person that conducts a business in which, for a fee or consideration, the person: (A) Processes, receives or accepts for delivery to a lender an application for a loan, individually or in conjunction or cooperation with another person; (B) Accepts […]
Section 725A.056 – Loan disclosure requirements; receipt; procedure after full loan repayment.
A licensee shall: (1) Deliver to the borrower at the time the licensee makes a loan a statement in the English language that shows in clear and distinct terms: (a) The borrower’s and the licensee’s names and addresses. (b) The amount of the loan, the date on which the licensee made the loan and the […]
Section 725A.012 – Application.
(1) ORS 725A.010 to 725A.092 and 725A.990 do not limit a person’s rights, powers or privileges under a law of this state or of the United States that regulates the person’s lending money or extending credit, provided that the person complies with the provisions of the law. (2) Except as otherwise provided in subsection (3) […]
Section 725A.058 – Dissemination of false, misleading or deceptive statement.
A licensee or other person may not advertise, print, display, publish, distribute or broadcast or cause or permit to be advertised, printed, displayed, published, distributed or broadcast in any manner whatsoever a statement or representation that is false, misleading or deceptive with respect to a rate, term or condition for a payday loan or title […]
Section 725A.020 – Licensing requirement.
(1)(a) Except as provided in ORS 82.010, 82.020 and 82.025 and subject to subsection (2) of this section, a person may not conduct business as a payday loan lender or a title loan lender unless the person obtains a license under ORS 725A.024. (b) A person may not act as an agent, broker or facilitator […]
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 […]