The Director of the Department of Consumer and Business Services may refuse to continue or may suspend or revoke an obligor’s registration if the director finds after a hearing that:

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(1) The obligor has intentionally engaged in a pattern or practice of failing to comply with any lawful order of the director relating to a prior violation of ORS § 646A.158 (3)(c).

(2) The obligor fails to meet or maintain the financial stability requirements set forth in ORS § 646A.154. [Formerly 646.279]