The Oregon Administrative Rules contain OARs filed through January 15, 2010

DEPARTMENT OF CONSUMER AND BUSINESS SERVICES,
DIVISION OF FINANCE AND CORPORATE SECURITIES

441-830-0010

Application

Application for registration shall be on the forms provided by the Credit Services Organization Program and must be accompanied by the required fee. Applications shall include:

(1) The information required by ORS 646A.256 to 646A.262;

(2) Telephone number of the credit services organization;

(3) Name of the credit services organization manager;

(4) Addresses of all business locations; and

(5) List of interested parties; including owners, partners, corporate officers, salespersons, agents, representatives and independent contractors who sell or attempt to sell the services of a credit services organization.

Stat. Auth.: ORS 646A.256, 646A.258, 646A.260 & 646A.262
Stats. Implemented: ORS 646A.256, 646A.258, 646A.260 & 646A.262
Hist.: FCS 1-1994, f. & cert. ef. 1-4-94; FCS 2-2004, f. & cert. ef. 8-5-04

441-830-0015

Notice of Cancellation Form

(1) The Notice of Cancellation Form must be attached to the contract, be easily detachable, and in duplicate.

(2) It must be printed in at least ten-point boldfaced type and must read as follows:

You, the consumer, may cancel this contract, without any penalty or obligation, within three days after the date the contract is signed. If you cancel, any payment made by you under this contract will be returned within ten days after the date of receipt of your cancellation notice by the seller.

To cancel this contract, you must mail or deliver a signed and dated copy of this cancellation notice, or other written notice to:

(Insert name of credit services organization)

(Insert address/place of business of credit services organization)

not later than twelve midnight (Insert appropriate date).

I hereby cancel this transaction.

______________	____________	_______
(Print Name)	(Signature)	(Date)

Stat. Auth.: ORS 646A.262 & 646A.266
Stats. Implemented: ORS 646A.262
Hist.: FCS 6-1994, f. & cert. ef. 4-25-94

441-830-0020

Audit Charges Credit Service Organizations Pay to the Director

When an audit is performed under ORS 646A.266:

(1) Audit charges shall be paid upon receipt of the invoice.

(2) The rate of charge payable by a credit services organization is $75 an hour for each person used in performance of the audit conducted under ORS 646A.266.

(3) Notwithstanding section (2) of this rule:

(a) If a person from the Credit Services Program is required to travel out of state to perform the work described by section (2) of this rule, the rate of charge is $75 per hour plus cost to the Program of travel and subsistence for each such person;

(b) If the work described in section (2) of this rule is performed by a consultant hired by contract for the particular work, the charge payable by the credit services organization is the actual cost to the Program of the contract consultant.

Stat. Auth.: ORS 646A.266
Stats. Implemented: ORS 646A.266
Hist.: FCS 1-1994, f. & cert. ef. 1-4-94; FCS 2-2004, f. & cert. ef. 8-5-04; FCS 8-2008, f. & cert. ef 8-28-08

441-830-0030

Claims

(1) Persons having a claim against a credit services organization may notify the Department of Consumer and Business Services by mail. The information shall include:

(a) Name, address, and telephone number of the claimant;

(b) Name, address, and telephone number of the credit services organization;

(c) The amount of money involved;

(d) A brief statement of the nature of the claim;

(e) A copy of the contract with relevant documents attached.

(2) If a court judgment is the basis for the claim, a copy of the judgment shall be attached.

Stat. Auth.: ORS 646A.266
Stats. Implemented: ORS 646A.266
Hist.: FCS 1-1994, f. & cert. ef. 1-4-94; FCS 2-2004, f. & cert. ef. 8-5-04

441-830-0040

Fees

(1) Fees established for the Program are:

(a) Annual registration, $350.

(b) Duplicate registration, $10.

(c) Certification of registration, $5.

(2) The director may by order reduce the fees assessed for any specific year.

Stat. Auth.: ORS 646A.266
Stats. Implemented: ORS 646A.256
Hist.: FCS 1-1994, f. & cert. ef. 1-4-94; FCS 2-2004, f. & cert. ef. 8-5-04; FCS 3-2005, f. & cert. ef. 9-6-05

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