(1) The Director of the Department of Consumer and Business Services may refuse to issue or renew or may revoke or suspend the registration of a debt consolidating agency if the director determines any of the following facts:
(a) The debt consolidating agency has filed false or untruthful information with the director under ORS 697.632.
(b) The debt consolidating agency has violated any of the rules of the director adopted under ORS 697.632.
(c) The debt consolidating agency has violated any provision of ORS 697.642 to 697.702.
(d) Any person required to register to engage in the business of debt consolidating has been convicted of a felony or a misdemeanor, an essential element of which is fraud.
(e) There has been any lapse in or any reduction of the amount of any bond filed under ORS 697.642.
(2) A revocation or suspension under this section may be for a time certain or upon condition that the debt consolidating agency meets conditions specified by the director.
(3) The conduct of hearings, issuance of orders and judicial review of orders are governed by ORS chapter 183. [1983 c.17 §16; 1989 c.209 §3; 2005 c.338 §18]
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