Oregon Code § 725.250·Enacted ·Last updated March 01, 2026
Statute Text
Surrender of license.
(1) Any licensee may surrender any license issued to the licensee by delivering
written notice to the Director of the Department of Consumer and Business
Services that the licensee thereby surrenders the license.
(2)(a) A licensee
shall surrender any license issued to the licensee under which there has been
no material loan activity for a period of 12 consecutive months.
(b) For purposes
of this subsection, material loan activity includes new loans, refinancing of
existing loans or formal extensions of existing loan repayment provisions in
excess of 30 days.
(3) Surrender of
a license under subsection (1) or (2) of this section shall not affect the
licensees civil or criminal liability for acts committed prior to surrender. [Amended
by 1985 c.762 §125; 1999 c.469 §5]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 725.250
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Surrender of license. Read the full statute text above for details.
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