Oregon Revised Statutes Chapter 726 § 726.150 — Revocation and suspension of license
Oregon Revised Statutes Chapter 726 ·
Oregon Code § 726.150·Enacted ·Last updated March 01, 2026
Statute Text
Revocation and suspension of license.
(1) The Director of the Department of Consumer and Business Services may revoke
any license under this chapter if the director finds that:
(a) The
pawnbroker has failed to pay the annual license fee or to maintain in effect
the required bond or to comply with any demand, ruling or requirement of the
director lawfully made pursuant to and within the authority of this chapter or
to comply with the provisions of law to keep the corporation in good standing
if such pawnbroker is a corporation;
(b) The
pawnbroker has violated any provision of this chapter or any rule or regulation
lawfully made by the director under and within the authority of this chapter;
or
(c) Any fact or
condition exists which, if it had existed at the time of the original
application for a license, would have warranted the director in refusing
originally to issue the license.
(2) The director
may, without notice or hearing, suspend any license for a period not exceeding
30 days, pending investigation.
(3) The director
may revoke or suspend only the particular license with respect to which grounds
for revocation or suspension occur or exist, or, if the director finds that
such grounds for revocation or suspension are of general application to all
offices or to more than one office operated by the pawnbroker, the director
shall revoke or suspend all the licenses issued to the pawnbroker or such
number of licenses as such grounds apply to, as the case may be. [Amended by
1971 c.734 §177; 1977 c.135 §57]
Plain English Explanation
This Oregon statute addresses Revocation and suspension of license. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 726.150
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Revocation and suspension of license. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 726.150. Use this format in legal documents and court filings.
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