1. (1) The director has general supervision and control over licensees in Oregon, whether or not the person has obtained a license, had a license withdrawn, canceled, suspended, conditioned or revoked.

2. (2)

   1. (a) At any time, the director may examine the books, accounts, papers, records, files, correspondence, contracts and agreements, memoranda, disclosures, documents and other information of a servicer servicing Oregon loans or servicing in Oregon, whether or not the person has obtained a license, had a license withdrawn, canceled, suspended, conditioned or revoked.
   2. (b) Materials received by the director as a part of an examination or enforcement action are subject to ORS 705.137.

3. (3) The director may investigate, in-state or out-of-state licensees and:

   1. (a) Require a person to submit a statement concerning the subject of the investigation in writing under oath;
   2. (b) Compel witnesses, take evidence, require the production of books, accounts, papers, records, files, correspondence, contracts and agreements, memoranda, documents and other information, material or evidence the director deems relevant or material to the examination, investigation, or proceeding;
   3. (c) Interview and preserve testimony concerning licensee or person’s business practices and operations.

Statutory/Other Authority

Or Laws 2021, ch 651, secs 1-10

Statutes/Other Implemented

Or Laws 2021, ch 651, secs 2-10

History

FSR 2-2022, adopt filed 06/27/2022, effective 07/01/2022