Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 810 - GENERAL
Section 441-810-0000 - Definitions

Universal Citation: OR Admin Rules 441-810-0000

Current through Register Vol. 63, No. 9, September 1, 2024

The definitions of terms used in ORS 697.005 to 697.098, 697.990 to 697.992 and the rules of this OAR Chapter 441 Divisions 800 and 810, are:

(1) "Director" means the director of the Department of Consumer and Business Services.

(2) "Employed" means working for a salary or wages.

(3) "Person" means any legal entity, including individuals, corporations, associations, firms and partnerships.

(4) "Repossessor" means a person who takes possession of an item when the installment payment has been defaulted and the creditor has the right to repossess.

(5) "Solicitor" means a person who attempts to obtain clients for a collection agency or payments due a client of a collection agency.

(6) "Trust Account" means a financial institution checking account designated "client trust account" in which all funds received or handled by the collection agency on behalf of the agency's clients are deposited.

Stat. Auth.: ORS 697

Stats. Implemented: ORS 697.085

Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.