(a) Order the person to cease and desist from the unlawful act or practice; and
(b) Take any affirmative action as may be necessary to carry out the provisions of ORS 717.200 to 717.320, including assessing the costs of any investigation.
(2) Except as provided in subsection (3) of this section, the director may not issue an order under this section without opportunity for a hearing in accordance with ORS chapter 183.
(3) If required for the immediate protection of the public interest, the director may issue a cease and desist order without a hearing in accordance with ORS 183.430 (2).
(4) A cease and desist order of the director under ORS 717.200 to 717.320, 717.900 and 717.905 must state the grounds upon which the order is based and, except for a summary order issued in accordance with ORS 183.430 (2), does not become effective for at least 20 days after written notice of the order has been sent by registered or certified mail to the person at the person’s principal place of business.
(5) Appeals from a cease and desist order of the director may be taken to the courts of this state as provided by ORS chapter 183. [1999 c.571 §20; 2005 c.338 §23]
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.