Short-Term Loans and Student Loan Servicing

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

Last accessed
Mar. 11, 2023

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