2021 Oregon Revised Statutes
Chapter 725A - Short-Term Loans and Student Loan Servicing
Section 725A.084 - Suspension or removal of officer or director of licensee.


(2) The Director of the Department of Consumer and Business Services, for any of the reasons set forth in ORS 725A.026, may order a licensee to remove an officer or director of the licensee from office. [2010 c.23 §24]

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Structure 2021 Oregon Revised Statutes

2021 Oregon Revised Statutes

Volume : 18 - Financial Institutions, Insurance

Chapter 725A - Short-Term Loans and Student Loan Servicing

Section 725A.010 - Definitions.

Section 725A.012 - Application.

Section 725A.020 - Licensing requirement.

Section 725A.022 - License application; contents; fee; rules.

Section 725A.024 - License application approval; license issuance; applicant qualifications; license denial; term of license; rules.

Section 725A.026 - Grounds for disapproving license application.

Section 725A.028 - License fee; other fees; rules.

Section 725A.030 - Annual report; contents; penalty; rules.

Section 725A.032 - Business name and location.

Section 725A.034 - License revocation and suspension.

Section 725A.036 - License reinstatement; fee.

Section 725A.038 - License surrender.

Section 725A.050 - Director’s power to examine or investigate; costs.

Section 725A.054 - Duty to report defalcation; audit.

Section 725A.056 - Loan disclosure requirements; receipt; procedure after full loan repayment.

Section 725A.060 - Prohibited conduct generally.

Section 725A.062 - Prohibited conduct for title loan lender.

Section 725A.064 - Prohibited conduct for payday loan lender.

Section 725A.080 - Complaint and administrative remedy.

Section 725A.082 - Cease and desist order.

Section 725A.084 - Suspension or removal of officer or director of licensee.

Section 725A.090 - Loan tracking and counseling system; rules; fees.

Section 725A.092 - Rules.

Section 725A.500 - Definitions.

Section 725A.503 - Prohibition on servicing student loan without license; exceptions; powers of Director of Department of Consumer and Business Services; rules.

Section 725A.506 - Application for licensing; required contents; fee; bonding; power of director to issue, deny, revoke or refuse to renew license; date of expiration; rules.

Section 725A.509 - Duties of licensee; assumed business name.

Section 725A.512 - Requirement to maintain liquidity, operating reserves and tangible net worth; taking possession of licensee’s property for failure to meet requirement; appointment of receiver.

Section 725A.515 - Required notifications from licensee to director.

Section 725A.518 - Supervisory powers of director; examination of licensee; charge for costs of examination; multistate cooperation; rules.

Section 725A.521 - Required practices under federal student loan agreement; prohibitions; exemptions.

Section 725A.524 - Investigation of complaints; confidentiality of materials obtained in investigation; exceptions; charge for costs of investigation.

Section 725A.527 - Violations; orders of director; remedies; civil penalties; charge for costs of proceeding.

Section 725A.530 - Ombudsman; duties; report to Legislative Assembly.

Section 725A.990 - Penalties.