OAR 441-810-0000
Definitions

The definitions of terms used in ORS 697.005 (Definitions for ORS 697.005 to 697.095) to 697.098, 697.990 (Penalties) to 697.992 (Jurisdiction of courts) and the rules of this OAR chapter 441 divisions 800 and 810, are:

(1)

“Director” means the director of the Department of Consumer and Business Services.

(2)

“Employed” means working for a salary or wages.

(3)

“Person” means any legal entity, including individuals, corporations, associations, firms and partnerships.

(4)

“Repossessor” means a person who takes possession of an item when the installment payment has been defaulted and the creditor has the right to repossess.

(5)

“Solicitor” means a person who attempts to obtain clients for a collection agency or payments due a client of a collection agency.

(6)

“Trust Account” means a financial institution checking account designated “client trust account” in which all funds received or handled by the collection agency on behalf of the agency’s clients are deposited.

Source: Rule 441-810-0000 — Definitions, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-810-0000.

Last Updated

Jun. 8, 2021

Rule 441-810-0000’s source at or​.us