(1) Subject to ORS chapter 183, the Director of the Department of Consumer and Business Services shall establish by rule a program for registration of persons required to register with the director by ORS 697.612. The program shall include a requirement that a person who registers with the director must file and maintain with the director current information that the director requires by rule. The director shall require the following information for registration under this section:
(a) The name and address of the person engaging in business as a debt consolidating agency.
(b) The name and address of the debt consolidating agency.
(c) Any assumed names or business names used by the debt consolidating agency.
(d) The names of persons who act as agents in the business of the debt consolidating agency.
(e) The names of persons who are agents of the debt consolidating agency for purposes of service of legal process, or an appointment of the director as agent for the debt consolidating agency for the service of process.
(f) If a person has been convicted for a criminal offense, an essential element of which is fraud, information relating to the circumstances of the conviction as required by the director.
(g) Any other information required by rules adopted by the director.
(h) That a bond has been obtained and that the bond satisfies the applicable requirements of ORS 697.642.
(2) The director may include any of the following in the program for the registration established under this section:
(a) The director may require any filings with the director that the director determines to be necessary to maintain current information required for registration. Filings required under this subsection may include renewal of registration at reasonable intervals, filings within a reasonable time after changes in a debt consolidating agency business and other filings the director determines to be necessary. In requiring filings under this subsection, the director shall attempt to minimize burdens the filings might place on persons required to file.
(b) The director may issue certificates of registration or other indicia of registration that the director determines will be of assistance to persons engaged in a debt consolidating agency business in establishing that the persons are registered under this section.
(3) The director shall collect a biennial registration fee of $200.
(4) The director shall maintain current records of the information required for registration under this section. [1983 c.17 §5; 1989 c.209 §1]Section: Previous 697.610 697.612 697.615 697.620 697.622 697.625 697.630 697.632 697.635 697.640 697.642 697.645 697.650 697.652 697.655 Next
Last modified: August 7, 2008