725.120 Application for license; notice of submitting; annual cost. (1) program when it comes down to license will probably be on paper in the type recommended by the manager on the Department of buyers and businesses Services and shall support the term and both residence and businesses address associated with the applicant, just in case the customer is a collaboration or association, of each and every affiliate thereof, of course, if a corporation, of every policeman and manager thereof.
(2) Notice of the processing of the program shall be posted in the workplace of office of buyers and companies service for 1 https://getbadcreditloan.com/ month with no permit will probably be given before the conclusion of these 30-day cycle. But the movie director may waive the posting of see and problem a license without reference to such 30-day duration when the application is for a license at a spot in which a license has been surrendered for the reason that:
(3) An applicant during producing software shall spend towards the manager a license charge determined under ORS 725.185 when it comes down to stage terminating throughout the finally day’s the present calendar year. In case the licenses just isn’t released for influence or if perhaps the applying was withdrawn following applicant has become examined of the movie director, there will probably be refunded into the applicant most of the license charge except any portion thereof dependant on the director to echo management and investigative prices incurred of the area relative to the application. Otherwise no part of any license fee shall be refunded. [Amended by 1955 c.71 A4; 1977 c.135 A49; 1985 c.762 A114]
725.140 Issuance of license; conditions. (1) Conditioned upon the applicantAs compliance with this chapter and the payment of the license fee, the Director of the Department of Consumer and Business Services, within 90 days after the date of filing the application referred to in ORS 725.120, shall disapprove the application or shall issue and deliver a license to the applicant to make loans in accordance with this chapter at the location specified in the application.
The movie director of the division of buyers and businesses treatments may disapprove a software for a license if any people called when you look at the program published pursuant to ORS 725
(a) that financial duty, enjoy, personality and common physical fitness in the candidate, as well as the customers thereof if the customer was a collaboration or relationship, as well as the officers and administrators thereof in the event the client are a corporation, include instance to command the esteem associated with people also to justify the fact the company should be operated truly, pretty and effectively within reason for this section; and
(b) That reasons for disapproval of a credit card applicatoin described in ORS 725.145 do not are present and this, for the view of this manager, there are no additional causes or problems that would justify the refusal to grant a permit.
(2) a licenses granted under this part shall be an ongoing license and shall remain in full energy and effects till the permit is surrendered by the licensee as given in ORS 725.250 or terminated or suspended as offered in ORS 725.230. [Amended by 1955 c.71 A5; 1963 c.167 A1; 1977 c.135 A50; 1985 c.762 A115; 1999 c.469 A2]
The applying shall in addition support the county and urban area with street and number, if any, where the company is getting done and any other info which the director may need
(1) was insolvent, either in the sense the personAs liabilities meet or exceed the personAs possessions or your people cannot meet with the personAs duties as they mature, or perhaps is such economic disease that person cannot carry on operating with protection on the personAs customers;