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]
Section: Previous 697.422 697.430 697.440 697.450 697.460 697.470 697.480 697.500 697.502 697.504 697.510 697.512 697.514 697.520 697.522 NextLast modified: August 7, 2008