Oregon Statutes - Chapter 717 - Money Transmission
- 717.010 [1965 c.503 §2; 1973 c.797 §403; 1985 c.762 §51; 1987 c.373 §55; 1993 c.744 §23; repealed by 1999 c.571 §30]
- 717.020 [1965 c.503 §1; repealed by 1999 c.571 §30]
- 717.030 [1965 c.503 §3; 1973 c.797 §404; repealed by 1999 c.571 §30]
- 717.040 [1965 c.503 §4; 1973 c.797 §405; repealed by 1999 c.571 §30]
- 717.050 [1965 c.503 §5; 1973 c.797 §406; repealed by 1999 c.571 §30]
- 717.060 [1965 c.503 §6; 1973 c.797 §407; repealed by 1999 c.571 §30]
- 717.070 [1965 c.503 §7(1); 1973 c.797 §408; 1977 c.135 §40; repealed by 1999 c.571 §30]
- 717.075 [1973 c.797 §409; repealed by 1999 c.571 §30]
- 717.080 [1965 c.503 §7(2), (3); 1973 c.797 §410; 1991 c.331 §118; 1997 c.631 §527; repealed by 1999 c.571 §30]
- 717.084 [1973 c.797 §411; repealed by 1999 c.571 §30]
- 717.086 [1973 c.797 §412; 1991 c.331 §119; repealed by 1999 c.571 §30]
- 717.090 [1965 c.503 §8; 1973 c.797 §413; 1991 c.331 §120; repealed by 1999 c.571 §30]
- 717.095 [1977 c.135 §39; 1985 c.762 §52; repealed by 1999 c.571 §30]
- 717.100 [1965 c.503 §9; 1973 c.797 §414; repealed by 1999 c.571 §30]
- 717.110 [1965 c.503 §10; 1973 c.797 §415; repealed by 1999 c.571 §30]
- 717.120 [1965 c.503 §11; 1973 c.797 §416; repealed by 1999 c.571 §30]
- 717.130 [1965 c.503 §12; 1973 c.797 §417; repealed by 1999 c.571 §30]
- 717.140 [1965 c.503 §13; repealed by 1999 c.571 §30]
- 717.150 [1965 c.503 §14; 1973 c.797 §418; repealed by 1999 c.571 §30]
- 717.160 [1955 c.503 §15; 1971 c.734 §173; 1973 c.797 §419; repealed by 1999 c.571 §30]
- 717.200 Definitions.
As used in ORS 717.200 to 717.320, 717.900 and 717.905, unless the context requires otherwise: (1) “Applicant” means a person filing an application for a...
- 717.205 License required to conduct money transmission business; relationship to banking.
(1) A person, other than a person that is exempt under ORS 717.210, may not conduct a money transmission business without a license as provided...
- 717.210 Exemptions; waiver; rules.
(1) ORS 717.200 to 717.320, 717.900 and 717.905 do not apply to: (a) Any company that accepts deposits in this state and that is insured...
- 717.215 Requirements for licensees; net worth; permissible investments.
(1) Each licensee shall at all times have a net worth of not less than $100,000, calculated in accordance with generally accepted accounting principles. Licensees...
- 717.220 License application; rules.
(1) Each application for a license under ORS 717.200 to 717.320, 717.900 and 717.905 shall be made in writing in a form prescribed by rule...
- 717.225 Security devices.
(1) Each license application shall be accompanied by a security device in the amount of $25,000. If the applicant proposes to engage in business under...
- 717.230 Application fee.
Each application shall be accompanied by a nonrefundable application fee in the amount of $1,000, payable to the Director of the Department of Consumer and...
- 717.235 License issuance; grounds for disapproval of application; appeals.
(1) Upon the filing of a complete application, the Director of the Department of Consumer and Business Services shall review the application and may investigate...
- 717.240 License renewal; annual fee; renewal report; license suspension.
(1) Each licensee shall pay to the Director of the Department of Consumer and Business Services a nonrefundable annual fee of $500 or such other...
- 717.245 Events requiring filing of report with director.
Within 15 days following the occurrence of any one of the events listed in this section, a licensee shall file a written report with the...
- 717.250 Notice of change or acquisition of control of licensee; waiver; rules.
(1) Within 15 days of a change or acquisition of control of a licensee, the licensee shall provide notice of the change to the Director...
- 717.255 Examination of licensee; notice; costs.
(1) The Director of the Department of Consumer and Business Services may conduct an annual on-site examination of a licensee upon reasonable notice to the...
- 717.260 Retention of records.
(1) Each licensee shall make, keep and preserve the following books, accounts and other records for a period of three years: (a) A record of...
- 717.265 Suspension or revocation of license; appeals.
(1) The Director of the Department of Consumer and Business Services may by order suspend or revoke a license issued under ORS 717.200 to 717.320,...
- 717.270 Conduct of money transmission business through authorized delegates; contracts.
Licensees desiring to conduct a money transmission business through authorized delegates shall authorize each delegate to operate pursuant to an express written contract. The contract...
- 717.275 Requirements for authorized delegates.
(1) An authorized delegate shall not make any fraudulent or false statement or misrepresentation to a licensee or to the Director of the Department of...
- 717.280 Order suspending or barring authorized delegate; grounds; appeals.
(1) For any reason specified in subsection (2) of this section, the Director of the Department of Consumer and Business Services may issue an order...
- 717.285 Limit on responsibility of licensee; costs and attorney fees.
(1) The responsibility of a licensee to any person for a money transmission conducted on that person’s behalf by the licensee or the licensee’s authorized...
- 717.290 Cease and desist order; appeals.
(1) If the Director of the Department of Consumer and Business Services determines that any person has engaged in, is engaging in or is about...
- 717.295 Injunctions; consent orders.
(1) If the Director of the Department of Consumer and Business Services believes that any person has engaged in, is engaging in or is about...
- 717.300 Subpoena authority.
(1) For purposes of an investigation or proceeding under ORS 717.200 to 717.320, 717.900 and 717.905, the Director of the Department of Consumer and Business...
- 717.305 Consent to jurisdiction of courts; director as agent for service of process.
(1) Any licensee, authorized delegate or other person that knowingly engages in the money transmission business under ORS 717.200 to 717.320, 717.900 and 717.905, with...
- 717.310 Rules.
(1) The Director of the Department of Consumer and Business Services may adopt rules for the purpose of carrying out the provisions of ORS 717.200...
- 717.315 Deposit of moneys in Consumer and Business Services Fund.
All fees, charges, costs and fines collected by the Director of the Department of Consumer and Business Services under ORS 717.200 to 717.320, 717.900 and...
- 717.320 Short title.
ORS 717.200 to 717.320, 717.900 and 717.905 may be cited as the “Oregon Money Transmitters Act.” [1999 c.571 §27]
- 717.900 Civil penalties.
(1) If the Director of the Department of Consumer and Business Services finds that a person has violated any provision of ORS 717.200 to 717.320,...
- 717.905 Criminal penalties.
(1) Except as provided in this section, violation of any provision of ORS 717.200 to 717.320, 717.900 and 717.905 is a Class A misdemeanor. (2)...
- 717.910 [1975 c.544 §54; 1991 c.734 §95; repealed by 1999 c.571 §30]
- 717.990 [1965 c.503 §16; 1973 c.797 §420; repealed by 1975 c.544 §62]
Last modified: August 7, 2008