(a) The pawnbroker has failed to pay the annual license fee or to maintain in effect the required bond or to comply with any demand, ruling or requirement of the director lawfully made pursuant to and within the authority of this chapter or to comply with the provisions of law to keep the corporation in good standing if such pawnbroker is a corporation;
(b) The pawnbroker has violated any provision of this chapter or any rule or regulation lawfully made by the director under and within the authority of this chapter; or
(c) Any fact or condition exists which, if it had existed at the time of the original application for a license, would have warranted the director in refusing originally to issue the license.
(2) The director may, without notice or hearing, suspend any license for a period not exceeding 30 days, pending investigation.
(3) The director may revoke or suspend only the particular license with respect to which grounds for revocation or suspension occur or exist, or, if the director finds that such grounds for revocation or suspension are of general application to all offices or to more than one office operated by the pawnbroker, the director shall revoke or suspend all the licenses issued to the pawnbroker or such number of licenses as such grounds apply to, as the case may be. [Amended by 1971 c.734 §177; 1977 c.135 §57]
Structure 2021 Oregon Revised Statutes
Volume : 18 - Financial Institutions, Insurance
Section 726.010 - Definitions.
Section 726.050 - Requirements for issuance of license.
Section 726.060 - Application for license; contents; fee.
Section 726.075 - Grounds for denial of license.
Section 726.080 - Issuance and denial of license.
Section 726.125 - License fees; fees for extra service.
Section 726.130 - Annual report of licensee.
Section 726.150 - Revocation and suspension of license.
Section 726.155 - Procedure for license denial, revocation or suspension.
Section 726.250 - Investigations and examinations; cost.
Section 726.255 - Investigation of pawnbrokers; oaths; witnesses; subpoenas; depositions.
Section 726.260 - Rules and rulings.
Section 726.270 - Prohibited transactions.
Section 726.280 - Register and records of licensee.
Section 726.300 - Contents of pawn ticket; effect.
Section 726.310 - Person entitled to redeem pledge; return of pledge stored off premises.
Section 726.370 - Multiple claimants of pledge; interpleader.
Section 726.390 - Interest rates and charges.
Section 726.395 - Charges related to firearms.
Section 726.400 - Loan period; renewal; forfeiture of pledge; notice; period for redeeming pledge.
Section 726.410 - Record of forfeited pledges.
Section 726.440 - Enforcement orders.