Oregon Code § 725.385·Enacted ·Last updated March 01, 2026
Statute Text
Duty
to give notice of defalcation to law enforcement officer, director; audit.
(1) A director or officer of a
licensee who has reason to believe that a defalcation has occurred at any
office of the licensee shall give the information to the appropriate local,
state or federal law enforcement officer having jurisdiction of the violation.
(2) A licensee
shall notify the Director of the Department of Consumer and Business Services
of any defalcation that occurs at any office of the licensee within five days
after the discovery of the defalcation. When directed by the director to do so,
the licensee shall cause an audit to be made of the business of the licensed
office where the defalcation occurred, in accordance with the directors
instructions. [1979 c.88 §38; 1987 c.650 §18]
Plain English Explanation
This Oregon statute addresses Duty
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 725.385
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Duty
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