Oregon Statutes - Chapter 697 - Collection Agencies; Check-Cashing Businesses; Debt Consolidating Agencies - Section 697.500 - Definitions for ORS 697.500 to 697.555.

As used in ORS 697.500 to 697.555:

(1) “Check-cashing business” means any person that conducts a business that for a fee, service charge or other consideration provides money, credit or any other thing of value in exchange for payment instruments. “Check-cashing business” does not include a financial institution as defined in ORS 706.008 or an employee of a licensee.

(2) “Licensee” means a person licensed as a check-cashing business under ORS 697.514.

(3) “Payment instrument” means:

(a) A check, warrant or draft issued by the federal government, a state government, a county or municipal government, or a federal or state agency;

(b) A payroll check; or

(c) A personal check, money order or any other check. [2007 c.358 §1]

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Last modified: August 7, 2008