{"data":{"id":"us-or/ors-725a.020","jurisdiction":"us-or","citation":"ORS 725A.020","heading":"Licensing requirement.","body":"(1)(a) Except as provided in ORS 82.010, 82.020 and 82.025 and subject to subsection (2) of this section, a person may not conduct business as a payday loan lender or a title loan lender unless the person obtains a license under ORS 725A.024.\n      (b) A person may not act as an agent, broker or facilitator for making a payday loan or title loan unless the person obtains a license under ORS 725A.024, regardless of whether the principal that makes the payday loan or title loan must obtain a license under paragraph (a) of this subsection.\n      (2) If at the time a person made a payday loan or title loan the person did not have a license from the Director of the Department of Consumer and Business Services under ORS 725A.024, the payday loan or title loan is void, and the person, or a successor, assignee or affiliate of the person, may not deposit a borrower’s or consumer’s check, withdraw moneys from a borrower’s or consumer’s account or otherwise collect, receive or retain principal, interest, a fee or a charge related to or in connection with the payday loan or title loan.\n      (3) Subsection (1) of this section does not apply to a person that does not collect a fee or consideration in connection with a payday loan or title loan or an application for a payday loan or title loan and:\n      (a) Does not interact directly with a borrower or consumer;\n      (b) Acts solely as an intermediary between the borrower or consumer and a lender or a person that conducts business as a broker or facilitator for a payday loan or title loan;\n      (c) Transmits information, electronically or otherwise, concerning the borrower or consumer to a lender or a person that conducts business as a broker or facilitator for a payday loan or title loan; or\n      (d) Prepares, issues or delivers a negotiable instrument to a lender or a person that conducts business as a broker or facilitator for a payday loan or title loan, for subsequent delivery to a borrower or consumer.\n      (4) The director by order may determine whether and how a person may collect principal, interest, a fee or a charge related to or in connection with a payday loan or title loan if the director determines that a license the director issued under ORS 725A.024 lapsed inadvertently or by mistake.","path":["18 - Financial Institutions, Insurance","54. Credit Unions, Lending Institutions and Pawnbrokers","Chapter 725A — Short-Term Loans and Student Loan Servicing"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors725A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"ef53814a7d8f8520e6c72d5c4a850ce27604d440345495bf9c72379dd7cbbfd3","source_id":"us-or","stale":false,"prev":"us-or/ors-725a.012","next":"us-or/ors-725a.022"},"notice":"GroundRules: Original legal text. Not legal advice."}