Short-Term Loans and Student Loan Servicing

ORS 725A.990


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.


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


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).


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]


Last accessed
Mar. 11, 2023