But before providing a licenses, the manager must very first discover upon examination:
725.120 software for permit; observe of processing; yearly charge. (1) software for the license will be on paper into the form recommended because of the Director with the section of customers and Business service and shall retain the term and both property and companies address from the applicant, of course, if the candidate is a collaboration or organization, each and every user thereof, and in case a corporation, of every policeman and director thereof.
(2) Notice regarding the submitting from the program will be submitted at work regarding the division of buyers and Business treatments for 30 days no license will be released before the conclusion of such 30-day course. But the director may waive the posting of notice and issue a license without reference to these types of 30-day duration in the event that software is actually for a license at an area in which a license happens to be surrendered because of:
(3) a job candidate during making software shall shell out to the manager a license fee determined under ORS 725.185 for your cycle terminating throughout the finally day’s current calendar year. Should the licenses is not granted for cause or if the application form try taken following candidate happens to be investigated from the manager, there shall be paid back towards advantageous link the candidate most of the license charge except any portion thereof decided by the director to reflect administrative and investigative costs obtain by the part in accordance with the program. Otherwise no part of any license fee shall be refunded. [Amended by 1955 c.71 A§4; 1977 c.135 A§49; 1985 c.762 A§114]
725.140 Issuance of license; conditions. (1) Conditioned upon the applicantA’s 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 manager from the section of buyers and companies solutions may disapprove an application for a license or no people named from inside the application presented pursuant to ORS 725
(a) that economic duty, event, dynamics and basic fitness on the applicant, as well as the members thereof if applicant try a collaboration or relationship, as well as the officers and directors thereof if individual was a corporation, is such as to command the self-esteem on the neighborhood and warrant the belief that the business might be managed truly, relatively and efficiently around the purposes of this part; and
(b) That reasons for disapproval of an application expressed in ORS 725.145 dont exist and this, into the view regarding the director, there are no some other causes or problems that would justify the refusal to give a licenses.
(2) a licenses given under this section will be a continuing licenses and shall stay in full power and results until the license are surrendered because of the licensee as supplied in ORS 725.250 or revoked or dangling as provided in ORS 725.230. [Amended by 1955 c.71 A§5; 1963 c.167 A§1; 1977 c.135 A§50; 1985 c.762 A§115; 1999 c.469 A§2]
The application form shall also support the district and area with road and quantity, if any, where organization is are done and every other ideas that manager may need
(1) Is insolvent, in a choice of the sense the personA’s debts surpass the personA’s property or that people cannot meet with the personA’s commitments while they aged, or perhaps is in such economic disease that the person cannot manage operating with protection to your personA’s consumers;