(2) The director may conduct an on-site examination of a licensee or any authorized delegate without prior notice to the licensee or authorized delegate if the director has a reasonable basis to believe that the licensee or authorized delegate is in violation of any provision of ORS 717.200 to 717.320, 717.900 and 717.905. The examination may be conducted at the principal place of business of the licensee or authorized delegate.
(3) The director shall have authority to examine under oath all persons whose testimony the director may require in order to conduct the examination.
(4) Each licensee examined under this section shall pay $60 per hour for each examiner, plus costs of an examination, to the director. The director may maintain an action for the recovery of such costs in any court of competent jurisdiction. [1999 c.571 §13; 2001 c.104 §284]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Chapter 717 - Money Transmission
Section 717.200 - Definitions.
Section 717.210 - Exemptions; waiver; rules.
Section 717.215 - Requirements for licensees; net worth; permissible investments.
Section 717.220 - License application; rules.
Section 717.225 - Security devices.
Section 717.235 - License issuance; grounds for disapproval of application; appeals.
Section 717.240 - License renewal; annual fee; renewal report; rules.
Section 717.245 - Events requiring filing of report with director.
Section 717.250 - Notice of change or acquisition of control of licensee; waiver; rules.
Section 717.255 - Examination of licensee; notice; costs.
Section 717.260 - Retention of records.
Section 717.265 - Suspension or revocation of license; appeals.
Section 717.270 - Conduct of money transmission business through authorized delegates; contracts.
Section 717.275 - Requirements for authorized delegates.
Section 717.280 - Order suspending or barring authorized delegate; grounds; appeals.
Section 717.285 - Limit on responsibility of licensee; costs and attorney fees.
Section 717.290 - Cease and desist order; appeals.
Section 717.295 - Injunctions; consent orders.
Section 717.300 - Subpoena authority.
Section 717.305 - Consent to jurisdiction of courts; director as agent for service of process.