OAR 441-890-0055
Financial Responsibility Criteria for Individuals

(1) For purposes of this rule, an individual is not financially responsible if the individual has shown a disregard of his or her own financial circumstances, taking into consideration the totality of the individual’s financial circumstances.
(2) Factors that the director may consider in determining whether an individual has not demonstrated financial responsibility include, but are not limited to, the following:
(a) Current outstanding judgments or material litigation, excluding judgments solely as a result of medical expenses;
(b) Current outstanding tax liens or other government liens and filings;
(c) A foreclosure within the past three years and the type of property subject to foreclosure, whether residential or commercial;
(d) Pending or completed bankruptcy proceedings, and the length of time between two or more bankruptcy filings; or
(e) A pattern of seriously delinquent accounts within the past three years.
(3) In assessing the financial responsibility of the individual, the director may consider extenuating or mitigating factors, including but not limited to the following:
(a) Involuntary loss of job or income;
(b) Involuntary medical expenses;
(c) Divorce;
(d) Attempting workout arrangements with creditors; or
(e) Any other factor the director believes reflects circumstances beyond the control of the applicant.

Source: Rule 441-890-0055 — Financial Responsibility Criteria for Individuals, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=441-890-0055.

Last Updated

Jun. 8, 2021

Rule 441-890-0055’s source at or​.us