(1) In accordance with ORS Chapter 183, the Director of the Department of Consumer and Business Services may adopt rules for the purposes of protecting borrowers and consumers, providing clarity to licensees and lenders and otherwise carrying out and enforcing this chapter. The rules may include, but are not limited to, provisions that establish loan forms, terms, charges and fees.

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(2) In addition to the notice requirements of ORS Chapter 183, before the director adopts a rule, the director shall submit a copy of the rule to each licensee. [1985 c.762 § 110; 1987 c.650 § 19; 2007 c.603 § 6]