Statement out of licensee; penalty to have inability to statement

Statement out of licensee; penalty to have inability to statement

The latest licenses might be in the a questionnaire prescribed by the Manager of your Department out of Individual and you may Business Characteristics and you can should state the fresh new address from which the company is to be conducted and you will a complete term of one’s licensee

(5) Are permanently or briefly enjoined of the a court away from skilled legislation out of getting into or carried on people make otherwise routine connected with one facet of the consumer loans business;

(6) ‘s the subject out-of an order of the manager, subjecting the individual to a superb and other municipal penalty under the lending company Act, ORS section 722 or 723 or it part, or deleting the person from an office in every entity managed underneath the Lender Operate, ORS part 722 otherwise 723 or this chapter; otherwise

(7) Is the subject away from an order registered within the last four age, exposing the person so you can an excellent and other municipal penalty, otherwise deleting anyone away from a workplace in a state banking establishment, a national financial, your state or government coupons connection, your state otherwise government borrowing from the bank relationship otherwise a consumer monetary institution, given because of the regulatory authority of some other state or of your authorities having power over such financial institutions, offers connections, credit unions otherwise consumer finance companies. [1977 c.135 §48; 1985 c.762 §116; 1987 c.373 §68; 1987 c.650 §11]

Observe regarding disapproval out-of software. Whether your Movie director of Department off Individual and you may Business Characteristics disapproves a loan application having a license, the fresh new movie director should notify brand new candidate instantaneously, supplying the cause of new disapproval. [Revised because of the discover installment loans 1985 c.762 §117; 1987 c.650 §12]

Kind of licenses; posting; transferability. The fresh licenses is going to be kept plainly released rather than organization of one’s licensee and you may will not transferable otherwise assignable. [Revised because of the 1955 c.71 §6; 1985 c.762 §118]

Permit charges; fees for extra services. (1) For every single licensee will shell out on Director of Company of Individual and you can Organization Attributes each year the permit payment dependent on mention of agenda implemented of the movie director not as much as ORS . The price might be paid back by the big date lay by director regarding the laws creating the brand new plan.

(2) As well as any licenses commission accumulated not as much as subsection (1) with the section, when the movie director devotes any additional awareness of the fresh points away from a good licensee, either upon commitment of the movie director or on consult of licensee, the price into the more service will be the actual rates thereof. [1985 c.762 §119; 1987 c.171 §7; 1987 c.373 §69]

(1) Into otherwise in advance of March fifteen each and every year, or towards the instance most other go out founded because of the Manager of Service out of User and Business Functions of the rule, every licensee should file a research to your movie director. The statement shall have related recommendations required by the latest director concerning the the firm and processes from inside the before calendar year each and every subscribed office conducted from the licensee in state. The report shall be regarding the means prescribed of the director.

(2) Most of the licensee whom doesn’t file people statement necessary not as much as it part inside time given can be subject to a punishment away from $ten on a daily basis for each day?s impede. [Revised by 1955 c.71 §8; 1973 c.428 §2; 1985 c.762 §120; 1999 c.469 §3; 2005 c.21 §13]

Although not, for every single additional permit will be to own an alternate and you can distinctive line of set away from team to make and finishing loans because given in this chapter

Additional certificates so you can exact same candidate. Zero licensee shall transact any business from inside the extent of the chapter except according to the name and at the place off team named in the license. Brand new Movie director of the Service off Individual and you may Team Functions elizabeth licensee whether your licensee complies using terms associated with section governing a distinctive issuance of a permit for each and every eg additional permit. [Amended because of the 1985 c.762 §121]