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.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 to obtain a license.

(b)

Shall examine a licensee not less than once every two years and may inspect and examine the licensee at other times that the director determines are necessary.

(2)

For purposes of subsection (1) of this section:

(a)

A licensee or a person required to obtain a license as a payday loan lender or title loan lender is subject to inspection and shall give the director free access to the licensee’s or person’s place of business, books, accounts, records, files, safes and vaults.

(b)

The director may:

(A)

Conduct an investigation or examination without prior notice to the person the director investigates or examines.

(B)

Compel the attendance of a witness or other person from whom the director requires testimony necessary to conduct an investigation or examination and examine the witness or person under oath.

(C)

Require a licensee or a person required to obtain a license as a payday loan lender or title loan lender to produce books, accounts, records, files or other documents.

(c)

A person may not knowingly give or cause to be given to the director a document or an oral or written statement or report that is false in any material respect.

(3)

If the director investigates or examines under this section a licensee or a person required to obtain a license as a payday loan lender or title loan lender, the licensee or person shall pay the director for the actual cost of the investigation or examination. The director may maintain an action to recover the cost in a court of competent jurisdiction.

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.