(1) Perform any act, undertake any practice or employ any device, scheme or artifice in the course of the licensee’s or the person’s business that the Director of the Department of Consumer and Business Services defines by rule as dishonest, unethical or illegal or that would operate as a deceit or fraud upon any person.
(2) Allow an errors and omissions insurance policy required under ORS 646A.646 (3) to lapse or otherwise fail to maintain the insurance policy.
(3) Fail to comply with standards the director adopts under ORS 646A.655.
(4) Knowingly make, in an application to obtain or renew a license under ORS 646A.646 or otherwise, an untrue statement of a material fact or omit to state a material fact that is necessary in order to make a statement true or not misleading in light of the circumstances under which the licensee or person makes the statement.
(5) Engage in debt buying if:
(a) A court has enjoined the licensee or person, temporarily or permanently, from engaging in debt buying or performing an act or undertaking a practice in the course of debt buying; or
(b) The licensee or person is subject to a United States Postal Service fraud order that was issued within the previous five years and that remains in effect.
(6) Violate any of the following laws or regulations as the laws or regulations apply to the licensee’s or person’s debt buying activities:
(a) The Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.;
(b) Federal regulations promulgated as 16 C.F.R. part 310 under 15 U.S.C. 6101 et seq.;
(c) Federal regulations promulgated as 16 C.F.R. part 681 under sections 114 and 315 of the Fair and Accurate Credit Transactions Act of 2003, P.L. 108-159; and
(d) ORS 646A.600 to 646A.628. [2017 c.625 §9]