2011 Oregon Revised Statutes
ORS Volume 16, Chapters 705 - 752
ORS Chapter 717
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 shall specify the following:
(1) That the licensee appoints the person as the licensee s delegate with authority to engage in money transmission on behalf of the licensee;
(2) That neither a licensee nor an authorized delegate may authorize subdelegates without the written consent of the Director of the Department of Consumer and Business Services; and
(3) That licensees, authorized delegates and subdelegates are subject to supervision and regulation by the director. [1999 c.571 16]
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