Oregon Statutes - Chapter 725 - Consumer Finance; Title and Payday Loans - Section 725.505 - Rulemaking authority; notice.

(1) In accordance with ORS chapter 183, the Director of the Department of Consumer and Business Services may adopt rules for the purposes of protecting borrowers and consumers, providing clarity to licensees and lenders and otherwise carrying out and enforcing this chapter. The rules may include, but are not limited to, provisions that establish loan forms, terms, charges and fees.

(2) In addition to the notice requirements of ORS chapter 183, before the director adopts a rule, the director shall submit a copy of the rule to each licensee. [1985 c.762 §110; 1987 c.650 §19; 2007 c.603 §6]

Section:  Previous  725.370  725.380  725.385  725.390  725.395  725.400  725.410  725.505  725.510  725.600  725.602  725.605  725.610  725.615  725.620  Next

Last modified: August 7, 2008