Or. Admin. Code § 441-810-0000

Current through Register Vol. 63, No. 10, October 1, 2024

Section 441-810-0000 - Definitions

The definitions of terms used in ORS 697.005 to 697.098, 697.990 to 697.992 and the rules of this OAR Chapter 441 Divisions 800 and 810, are:

(1) "Director" means the director of the Department of Consumer and Business Services.

(2) "Employed" means working for a salary or wages.

(3) "Person" means any legal entity, including individuals, corporations, associations, firms and partnerships.

(4) "Repossessor" means a person who takes possession of an item when the installment payment has been defaulted and the creditor has the right to repossess.

(5) "Solicitor" means a person who attempts to obtain clients for a collection agency or payments due a client of a collection agency.

(6) "Trust Account" means a financial institution checking account designated "client trust account" in which all funds received or handled by the collection agency on behalf of the agency's clients are deposited.

Or. Admin. Code § 441-810-0000

DC 3-1984, f. & ef. 1-16-84; Renumbered from 814-101-0001; FCS 4-2000, f. & cert. ef. 3-9-00

Stat. Auth.: ORS 697

Stats. Implemented: ORS 697.085