Oregon Money Transmitters Act

Oregon · Money Transmission · §§ 717.010 to 717.990 · 49 sections

Overview

This act governs the business of money transmission, requiring anyone who transmits money or payment instruments for others to hold a state license unless expressly exempted. It sets entry and solvency standards — application contents and fees, minimum net worth, surety bonds or comparable security, and permissible investments held in trust for the benefit of purchasers and holders — and imposes ongoing duties including annual renewal and reporting, notice of changes in control, recordkeeping, examinations, anti-money-laundering filings, and licensee responsibility for the conduct of authorized agents. Enforcement rests with the state banking regulator, who may deny, suspend, or revoke licenses and agent designations, issue cease and desist and emergency orders, enter consent orders, and impose civil and criminal penalties, subject to administrative hearings and judicial review.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

ORS 717.010Financial Institutions › Money Transmission
ORS 717.020Financial Institutions › Money Transmission
ORS 717.030Financial Institutions › Money Transmission
ORS 717.040Financial Institutions › Money Transmission
ORS 717.050Financial Institutions › Money Transmission
ORS 717.060Financial Institutions › Money Transmission
ORS 717.070Financial Institutions › Money Transmission
ORS 717.075Financial Institutions › Money Transmission
ORS 717.080Financial Institutions › Money Transmission
ORS 717.084Financial Institutions › Money Transmission
ORS 717.086Financial Institutions › Money Transmission
ORS 717.090Financial Institutions › Money Transmission
ORS 717.095Financial Institutions › Money Transmission
ORS 717.100Financial Institutions › Money Transmission
ORS 717.110Financial Institutions › Money Transmission
ORS 717.120Financial Institutions › Money Transmission
ORS 717.130Financial Institutions › Money Transmission
ORS 717.140Financial Institutions › Money Transmission
ORS 717.150Financial Institutions › Money Transmission
ORS 717.160Financial Institutions › Money Transmission
ORS 717.200Financial Institutions › Money Transmission
ORS 717.205Financial Institutions › Money Transmission
ORS 717.210Financial Institutions › Money Transmission
ORS 717.215Financial Institutions › Money Transmission
ORS 717.220Financial Institutions › Money Transmission
ORS 717.225Financial Institutions › Money Transmission
ORS 717.230Financial Institutions › Money Transmission
ORS 717.235Financial Institutions › Money Transmission
ORS 717.240Financial Institutions › Money Transmission
ORS 717.245Financial Institutions › Money Transmission
ORS 717.250Financial Institutions › Money Transmission
ORS 717.255Financial Institutions › Money Transmission
ORS 717.260Financial Institutions › Money Transmission
ORS 717.265Financial Institutions › Money Transmission
ORS 717.270Financial Institutions › Money Transmission
ORS 717.275Financial Institutions › Money Transmission
ORS 717.280Financial Institutions › Money Transmission
ORS 717.285Financial Institutions › Money Transmission
ORS 717.290Financial Institutions › Money Transmission
ORS 717.295Financial Institutions › Money Transmission
ORS 717.300Financial Institutions › Money Transmission
ORS 717.305Financial Institutions › Money Transmission
ORS 717.310Financial Institutions › Money Transmission
ORS 717.315Financial Institutions › Money Transmission
ORS 717.320Financial Institutions › Money Transmission
ORS 717.900Financial Institutions › Money Transmission
ORS 717.905Financial Institutions › Money Transmission
ORS 717.910Financial Institutions › Money Transmission
ORS 717.990Financial Institutions › Money Transmission

Enacted in other states

Idaho, Kentucky, Mississippi, North Carolina, Wyoming

All Oregon named statutes →

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