ORS 705.105
Department of Consumer and Business Services

  • director
  • qualifications
  • confirmation
  • Insurance Commissioner
  • bond or letter of credit
  • seal

(1)

The Department of Consumer and Business Services is created.

(2)

The department shall be under the supervision and control of a director who shall be responsible for the functions of the department.

(3)

Subject to confirmation by the Senate in the manner provided in ORS 171.562 (Procedures for confirmation) and 171.565 (Vote required for confirmation), the Governor shall appoint the director, who shall hold office at the pleasure of the Governor. The person appointed as director shall be well qualified by training and experience to perform the functions of the office.

(4)

The director shall receive such salary as is provided by law or, if not so provided, as is fixed by the Governor.

(5)

With respect to the duties, functions and powers imposed upon the director under the insurance laws, the director may be designated by the title of Insurance Commissioner or may appoint a person under ORS 705.115 (Department organization) to serve under the supervision and control of the director as Insurance Commissioner.

(6)

Before entering upon the functions of office, the director shall give to the state a fidelity bond with one or more corporate sureties authorized to do business in this state, or an irrevocable letter of credit issued by an insured institution, as defined in ORS 706.008 (Additional definitions for Bank Act), in either case in the penal sum fixed by the Governor.

(7)

The department shall have an official seal. Any certificate or other document or paper executed by the department pursuant to its authority and sealed with its seal, and all copies of papers certified by it and authenticated by the seal, shall in all cases be evidence equally and in like manner as the original and shall have the same force and effect as would the original in any suit or proceeding in any court in this state. [1987 c.373 §2; 1991 c.331 §108; 1993 c.744 §10; 1997 c.631 §526; 2003 c.802 §179]

Source: Section 705.105 — Department of Consumer and Business Services; director; qualifications; confirmation; Insurance Commissioner; bond or letter of credit; seal, https://www.­oregonlegislature.­gov/bills_laws/ors/ors705.­html.

705.010
Definitions 705.105
Department of Consumer and Business Services 705.115
Department organization 705.117
Consumer Advocacy Section 705.125
Deputy director 705.135
Delegation 705.137
Information that is confidential or not subject to disclosure 705.138
Confidential and privileged documents 705.139
Agreements with other agencies regarding sharing and use of confidential information 705.141
Criminal records check 705.143
Combined license processing 705.145
Consumer and Business Services Fund 705.146
Prescription Drug Affordability Account 705.148
Transfers from Consumer and Business Services Fund to Workers’ Benefit Fund 705.155
Petty cash funds 705.165
Disposition of moneys accruing from department administration and enforcement of certain laws 705.175
Warrant for collection of debt owed Department of Consumer and Business Services 705.300
Records of actions of director regarding securities, commodity and franchise laws 705.310
Evidentiary effect of certain records regarding securities, commodities and franchises 705.320
Certified documents 705.330
Withdrawal of certain documents 705.340
Access to director’s and department records regarding securities, commodities and franchises 705.350
Fees for certain documents 705.610
Appointment of financial institution examiners 705.630
Charging for extra expenses 705.635
Certificate of approval of certain business registry names filed under ORS 56.023 705.638
“Company” defined 705.640
Enforcement authority regarding conduct of banking business 705.642
Injunction authority regarding conduct of banking business
Green check means up to date. Up to date

Current through early 2024

§ 705.105’s source at oregon​.gov