2011 Oregon Revised Statutes
ORS Volume 15, Chapters 670 - 704
ORS Chapter 697
697.510 License application form and contents; waiver; rules.


OR Rev Stat § 697.510 (through Leg Sess 2011) What's This?

(1) An applicant for a license to conduct a check-cashing business shall apply in writing and in a form that the Director of the Department of Consumer and Business Services prescribes by rule.

(2) An application for a license to conduct a check-cashing business must contain all of the following:

(a) The applicant s name, together with any fictitious name, assumed business name or trade name the applicant uses in conducting the applicant s business;

(b) The name and address of all of the applicant s members, partners, officers, directors or principals, as appropriate;

(c) The name and address of the applicant s agent for the service of process, notice or demand, or a power of attorney that the applicant has executed and by which the applicant appoints the Director of the Department of Consumer and Business Services as the applicant s agent for service of process, notice or demand;

(d) The applicant s principal business address, the location of the applicant s business records and the addresses for all locations where the applicant conducts or proposes to conduct a check-cashing business; and

(e) Other information that the director may require concerning the applicant s financial responsibility, background experience and business activities and those of the applicant s members, partners, officers, directors and principals.

(3) The director, for good cause shown, may waive any requirement of this section with respect to any license application or may allow an applicant to submit substituted information in a license application in lieu of the information required under subsection (2) of this section. [2007 c.358 4]

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