OAR 441-820-0160. Prohibited actions

(1) A debt buyer may not 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 is dishonest, unethical or illegal or that would operate as a deceit or fraud upon any person. (2) A debt buyer may not fail to maintain errors and omissions insurance; (3) A debt buyer may not fail to comply with policies and procedures to ensure accurate and complete information regarding debts and debtors. (4) A debt buyer may not knowingly make, in an application, or renewal, 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) A debt buyer may not violate the following laws and regulations as they apply to the licensee’s or person’s debt buying activities: (a) The Fair Credit Reporting Act (15 U.S.C. § 1681); (b) The Telemarketing Sales Rule (16 CFR 310); (c) Federal identity theft provisions (Pub. L. 106-102, 113 Stat. 1338) or state identity theft provisions under ORS 646A.600 through 646A.628.