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Oregon Revised Statutes

Or. Rev. Stat. § 725.010 (2026)

Definitions

✓ current as of May 2026
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      725.010 Definitions. As used in this chapter:

      (1)(a) “Broker or facilitator” means a person that conducts a business in which, for a fee or consideration, the person:

      (A) Processes, receives or accepts for delivery to a lender an application for a consumer finance loan, individually or in conjunction or cooperation with another person;

      (B) Accepts and delivers to a lender all or most of the proceeds of a payment made in connection with a consumer finance loan; or

      (C) Assists in making a consumer finance loan in a material capacity other than as a lender.

      (b) “Broker or facilitator” does not include a mortgage broker, as that term is defined in ORS 86A.100, a mortgage loan originator, as that term is defined in ORS 86A.200, or an employee of a licensee.

      (2) “Consumer finance loan” means a loan or line of credit that is unsecured or secured by personal or real property and that has periodic payments and terms longer than 60 days.

      (3) “Licensee” means a person licensed under this chapter.

      (4) “Nationwide Multistate Licensing System” means a system that the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, or assignees of the Conference of State Bank Supervisors or the American Association of Residential Mortgage Regulators, develop and maintain for participating state agencies to use in licensing and registering mortgage loan originators, as defined in ORS 86A.200, and other persons that provide nondepository financial services. [Amended by 1985 c.762 §106; 1987 c.373 §66; 1993 c.744 §26; 2007 c.603 §1; 2009 c.863 §33; 2010 c.23 §§29,30; 2019 c.106 §5]

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 2007–2023 · leading case: Vasquez-Lopez v. Beneficial Oregon, Inc., 152 P.3d 940 (Or. Ct. App. 2007).
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Vasquez-Lopez v. Beneficial Oregon, Inc., 152 P.3d 940 (Or. Ct. App. 2007). “652, or the Consumer Finance Act, ORS 725.010 to 725.910, provides for actions of the type that might serve as an analog to a class action against a predatory lender.”
Warre v. Portfolio Servs. Ltd., Inc. (D. Or. 2023). · cites it 3× “787 do not apply to: * * * An addendum to a finance agreement that is sold or assigned to a licensee, as defined in ORS 725.010, and that is secured by a motor vehicle, under the terms of which a creditor agrees to waive the creditor's right to collect all or part of an amount…”
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