2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 717
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 Director of the Department of Consumer and Business Services describing the event and the event s expected effect on the licensee s activities in this state:
(1) The filing for bankruptcy or reorganization by the licensee or the licensee s sole owner;
(2) The commencement of revocation or suspension proceedings against the licensee by any state or governmental authority with regard to the licensee s money transmission activities;
(3) Any felony indictment of the licensee or any of its key officers or directors;
(4) Any felony conviction of the licensee or any of its key officers or directors; or
(5) The theft of payment instruments from the licensee in an amount equal to or greater than 10 percent of a licensee s monthly amount of outstanding payment instruments. [1999 c.571 11]
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