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 […]
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 […]