{"data":{"id":"us-or/ors-725a.038","jurisdiction":"us-or","citation":"ORS 725A.038","heading":"License surrender.","body":"(1) A licensee may deliver a written notice to the Director of the Department of Consumer and Business Services to surrender a license the director issued to the licensee under ORS 725A.024.\n      (2)(a) A licensee shall surrender a license under which no material loan activity has occurred for a period of 12 consecutive months.\n      (b) For purposes of this subsection, “material loan activity” includes a new loan, a loan that refinances an existing loan or a formal extension of existing loan repayment provisions for more than 30 days.\n      (3) A licensee’s surrendering a license under subsection (1) or (2) of this section does not affect the licensee’s civil or criminal liability for acts the licensee committed before surrendering the license.","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":"801cd6b039e4a494a38201427ebcc43ae1125e5a29636e2837cf358d9787214a","source_id":"us-or","stale":false,"prev":"us-or/ors-725a.036","next":"us-or/ors-725a.040"},"notice":"GroundRules: Original legal text. Not legal advice."}