Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 820 - DEBT BUYERS
Section 441-820-0160 - Prohibited actions

Universal Citation: OR Admin Rules 441-820-0160

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

(1) A debt buyer may not perform any act, undertake any practice or employ any device, scheme or artifice in the course of the licensee's or the person's business that is dishonest, unethical or illegal or that would operate as a deceit or fraud upon any person.

(2) A debt buyer may not fail to maintain errors and omissions insurance;

(3) A debt buyer may not fail to comply with policies and procedures to ensure accurate and complete information regarding debts and debtors.

(4) A debt buyer may not knowingly make, in an application, or renewal, or otherwise, an untrue statement of a material fact or omit to state a material fact that is necessary in order to make a statement true or not misleading in light of the circumstances under which the licensee or person makes the statement.

(5) A debt buyer may not violate the following laws and regulations as they apply to the licensee's or person's debt buying activities:

(a) The Fair Credit Reporting Act (15 U.S.C. § 1681);

(b) The Telemarketing Sales Rule ( 16 CFR 310 );

(c) Federal identity theft provisions (Pub. L. 106-102, 113 Stat. 1338) or state identity theft provisions under ORS 646A.600 through 646A.628.

Statutory/Other Authority: 2017 Or Laws ch 625 §§ 8, 13, 15

Statutes/Other Implemented: 2017 Or Laws ch 625 §§ 4 - 10

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.
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