Oregon Law
Law as of Jan 1, 2026
Chapter contents
725A.010Definitions 725A.012Application 725A.020Licensing requirement 725A.022License application; contents; fee; rules 725A.024License application approval; license issuance; applicant qualifications; license denial; term of license; rules 725A.026Grounds for disapproving license application 725A.028License fee; other fees; rules 725A.030Annual report; contents; penalty; rules 725A.032Business name and location 725A.034License revocation and suspension 725A.036License reinstatement; fee 725A.038License surrender 725A.040Effect of license revocation, suspension or surrender 725A.050Director’s power to examine or investigate; costs 725A.052Record keeping requirements 725A.054Duty to report defalcation; audit 725A.056Loan disclosure requirements; receipt; procedure after full loan repayment 725A.058Dissemination of false, misleading or deceptive statement 725A.060Prohibited conduct generally 725A.062Prohibited conduct for title loan lender 725A.064Prohibited conduct for payday loan lender 725A.080Complaint and administrative remedy 725A.082Cease and desist order 725A.084Suspension or removal of officer or director of licensee 725A.086Limitation of personal liability 725A.090Loan tracking and counseling system; rules; fees 725A.092Rules 725A.500Definitions 725A.503Prohibition on servicing student loan without license; exceptions; powers of Director of Department of Consumer and Business Services; rules 725A.506Application for licensing; required contents; fee; bonding; power of director to issue, deny, revoke or refuse to renew license; date of expiration; rules 725A.509Duties of licensee; assumed business name 725A.512Requirement to maintain liquidity, operating reserves and tangible net worth; taking possession of licensee’s property for failure to meet requirement; appointment of receiver 725A.515Required notifications from licensee to director 725A.518Supervisory powers of director; examination of licensee; charge for costs of examination; multistate cooperation; rules 725A.521Required practices under federal student loan agreement; prohibitions; exemptions 725A.524Investigation of complaints; confidentiality of materials obtained in investigation; exceptions; charge for costs of investigation 725A.527Violations; orders of director; remedies; civil penalties; charge for costs of proceeding 725A.530Ombudsman; duties; report to Legislative Assembly 725A.990Penalties

Chapter 725A — Short-Term Loans and Student Loan Servicing

ORS 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 fee described in subsection (1) of this section after considering:

(a)

The amount of other moneys available for the director to use in performing the director’s duties;

(b)

The costs the director will incur in performing the director’s duties in the year in which the director will collect the fee; and

(c)

The amount the director needs to establish and maintain a reasonable emergency fund.

(3)

In addition to any license fee the director collects under subsection (1) of this section, whenever the director devotes extra attention to a licensee’s affairs, either when the licensee requests the attention or the director determines that the extra attention is necessary, the director shall charge as a fee for the extra attention the actual cost the director incurs.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Earlier statutory text is available in an ingested published ORS edition.