ORS 725A.990
Penalties

(1)

The Director of the Department of Consumer and Business Services may assess a civil penalty of not more than $2,500 against a person who violates a provision of ORS 725A.010 (Definitions) to 725A.092 (Rules) and 725A.990 (Penalties) or a rule the director adopted or final order the director issued under ORS 725A.010 (Definitions) to 725A.092 (Rules) and 725A.990 (Penalties). The director, in addition to imposing a penalty under this subsection for the violation, may revoke the licensee’s license.

(2)

A civil penalty under this section must be imposed as provided in ORS 183.745 (Civil penalty procedures).

(3)

Except as provided in subsection (4) of this section, moneys collected under this section must be paid to the State Treasurer and credited as provided in ORS 705.145 (Consumer and Business Services Fund).

(4)

In addition to any other penalty provided by law, the director may assess against a person who makes a payday loan or title loan in violation of ORS 725A.020 (Licensing requirement) a civil penalty in an amount equal to the interest the person receives that exceeds nine percent per annum. The director shall pay all moneys collected under this subsection to the Department of State Lands for the benefit of the Common School Fund. [2010 c.23 §28]

Source: Section 725A.990 — Penalties, 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
Green check means up to date. Up to date

Current through early 2024

§ 725A.990’s source at oregon​.gov