(1) A debt consolidating agency improperly maintains records when the debt consolidating agency does not comply with the following requirements:
(a) A debt consolidating agency shall maintain a record of all wages, salaries, income, credits and property of a client that are received by the debt consolidating agency, and a record of all property of the client sold by the debt consolidating agency, for the purpose of remitting the proceeds to creditors of the client.
(b) A debt consolidating agency shall maintain a record of all disbursements that the debt consolidating agency has made to creditors of the client.
(c) A debt consolidating agency shall maintain records described in paragraphs (a) and (b) of this subsection for a period of three years from the date of the last entry on the records.
(d) The debt consolidating agency shall allow the Director of the Department of Consumer and Business Services or any authorized agent of the director to inspect all records described in paragraphs (a) and (b) of this subsection.
(e) The debt consolidating agency shall allow a client to inspect records of the client during the business hours of the debt consolidating agency.
(2) A debt consolidating agency that improperly maintains records under this section is subject to ORS 697.752, 697.762, 697.832 and 697.990 (3).
(3) A debt consolidating agency may dispose of records to which this section applies after the three-year period provided in subsection (1) of this section has expired. [1983 c.17 §9]
Section: Previous 697.652 697.655 697.657 697.660 697.662 697.665 697.670 697.672 697.675 697.680 697.682 697.685 697.690 697.692 697.695 NextLast modified: August 7, 2008