Section 725A.038 - License surrender(1) A licensee may deliver a written notice to the Director of the Department of Consumer and Business Services to surrender a license the director issued to the licensee under ORS 725A.024.(2)(a) A licensee shall surrender a license under which no material loan activity has occurred for a period of 12 consecutive months.(b) For purposes of this subsection, "material loan activity" includes a new loan, a loan that refinances an existing loan or a formal extension of existing loan repayment provisions for more than 30 days.(3) A licensee's surrendering a license under subsection (1) or (2) of this section does not affect the licensee's civil or criminal liability for acts the licensee committed before surrendering the license.