2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 717
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 in ORS 717.200 to 717.320, 717.900 and 717.905.
(2) A licensee may conduct business in this state at one or more locations that are directly or indirectly owned by the licensee, or through one or more authorized delegates, or both. A licensee is required to obtain only one license under ORS 717.200 to 717.320, 717.900 and 717.905.
(3) The conduct of a money transmission business by itself does not constitute banking or branch banking for the purposes of the Bank Act.
(4) The Director of the Department of Consumer and Business Services has jurisdiction over a person conducting a money transmission business whether or not the person is a licensee or authorized delegate. [1999 c.571 3]
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