Oregon Code § 725.505·Enacted ·Last updated March 01, 2026
Statute Text
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]