ORS 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 (License application approval) 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 for a hearing under ORS chapter 183 in connection with the action; and

(c)

Finds that:

(A)

The licensee failed to pay the annual license fee;

(B)

The licensee failed to comply with a demand, ruling or requirement the director made under ORS 725A.010 (Definitions) to 725A.092 (Rules) and 725A.990 (Penalties);

(C)

The licensee, if the licensee is a corporation, failed to keep the corporation in good standing under applicable provisions of law;

(D)

The licensee violated a provision of ORS 725A.010 (Definitions) to 725A.092 (Rules) and 725A.990 (Penalties) or a rule the director adopted under ORS 725A.010 (Definitions) to 725A.092 (Rules) and 725A.990 (Penalties); or

(E)

A fact or condition exists that clearly would have warranted the director’s refusing to issue the license had the fact or condition existed at the time the licensee submitted an application under ORS 725A.022 (License application).

(2)

The director, without notice or hearing, may suspend a license for a period not exceeding 30 days, pending investigation. The director shall provide the licensee with a reasonable opportunity for a hearing under ORS chapter 183 if the director proposes to suspend a license for a period longer than 30 days.

(3)

The director may revoke or suspend only the particular license with respect to which grounds for revocation or suspension exist. If the director finds that grounds for revoking or suspending a license exist with respect to more than one of the locations in which a licensee operates, the director may revoke or suspend the license issued to the licensee for each location with respect to which grounds for revocation or suspension exist. [2010 c.23 §10]

Source: Section 725A.034 — License revocation and suspension, https://www.­oregonlegislature.­gov/bills_laws/ors/ors725A.­html.

725A.010
Definitions
725A.012
Application
725A.020
Licensing requirement
725A.022
License application
725A.024
License application approval
725A.026
Grounds for disapproving license application
725A.028
License fee
725A.030
Annual report
725A.032
Business name and location
725A.034
License revocation and suspension
725A.036
License reinstatement
725A.038
License surrender
725A.040
Effect of license revocation, suspension or surrender
725A.050
Director’s power to examine or investigate
725A.052
Record keeping requirements
725A.054
Duty to report defalcation
725A.056
Loan disclosure requirements
725A.058
Dissemination of false, misleading or deceptive statement
725A.060
Prohibited conduct generally
725A.062
Prohibited conduct for title loan lender
725A.064
Prohibited conduct for payday loan lender
725A.080
Complaint and administrative remedy
725A.082
Cease and desist order
725A.084
Suspension or removal of officer or director of licensee
725A.086
Limitation of personal liability
725A.090
Loan tracking and counseling system
725A.092
Rules
725A.500
Definitions
725A.503
Prohibition on servicing student loan without license
725A.506
Application for licensing
725A.509
Duties of licensee
725A.512
Requirement to maintain liquidity, operating reserves and tangible net worth
725A.515
Required notifications from licensee to director
725A.518
Supervisory powers of director
725A.521
Required practices under federal student loan agreement
725A.524
Investigation of complaints
725A.527
Violations
725A.530
Ombudsman
725A.990
Penalties
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