Oregon Statutes 725.310 – Investigation and examination by director
(1) For discovering violations of this chapter and securing information required by the Director of the Department of Consumer and Business Services under this chapter, the director at any time may investigate the loans and business, including the books, accounts, records and files used in the loans and business, of every person licensed or required to be licensed under this chapter.
Terms Used In Oregon Statutes 725.310
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Oath: A promise to tell the truth.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) For purposes of subsection (1) of this section:
(a) A person licensed or required to be licensed under this chapter shall give the director free access to the person’s place of business, books, accounts, safes and vaults.
(b) The director may:
(A) Make an investigation without prior notice to the person being investigated.
(B) Compel the attendance of witnesses and examine the witnesses under oath.
(C) Require the production of documents or records.
(3) Each person examined under this section shall pay the actual cost of an investigation to the director. The director may maintain an action for the recovery of the costs in any court of competent jurisdiction. [Amended by 1955 c.71 § 12; 1973 c.428 § 3; 1981 c.412 § 14; 1985 c.762 § 127; 1987 c.215 § 15; 1999 c.469 § 6; 2005 c.338 § 24]