(b) The director, consistent with the requirements of ORS 697.500 to 697.555, may administer a program to issue and renew licenses for check-cashing businesses by means of an agreement with the Nationwide Multistate Licensing System and may, by rule, conform the practices, procedures and information that the Department of Consumer and Business Services uses to issue or renew a license to the requirements of the Nationwide Multistate Licensing System.
(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 the financial responsibility, background experience and business activities of the applicant’s members, partners, officers, directors and principals.
(3) The director, for good cause shown or in order to conform the department’s licensing and license renewal program to the requirements of the Nationwide Multistate Licensing System, 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; 2015 c.118 §2]
Structure 2021 Oregon Revised Statutes
Chapter 697 - Collection Agencies; Check-Cashing Businesses; Debt Management Service Providers
Section 697.005 - Definitions for ORS 697.005 to 697.095.
Section 697.039 - Revocation, suspension or refusal to issue or renew registration.
Section 697.086 - Rules for collection of child support payments.
Section 697.087 - Injunction; damages; attorney fees; limitation on actions.
Section 697.091 - Fees or compensation received in violation of law; disposition.
Section 697.093 - Enforcement.
Section 697.094 - Orders issued under ORS 697.093.
Section 697.095 - Civil penalties.
Section 697.105 - Fee for collection of debt owed public body; notice to debtor; amount.
Section 697.107 - Prohibition on use of public agency or public official seal or letterhead.
Section 697.115 - Fee for collection of commercial debt; amount; limit.
Section 697.500 - Definitions for ORS 697.500 to 697.555.
Section 697.502 - Exemptions from licensing and record-keeping requirements.
Section 697.510 - License application form and contents; waiver; rules.
Section 697.512 - Application fee and investigation fee; rules.
Section 697.520 - Prohibited practices; effect on charges for dishonored payment instruments.
Section 697.522 - Receipt; contents.
Section 697.524 - Endorsement and deposit of payment instruments.
Section 697.528 - Records; retention; examination costs; rules.
Section 697.530 - Prohibited conduct.
Section 697.540 - Suspension or revocation of license; grounds; notice and hearing.
Section 697.542 - Powers of director; cease and desist order.
Section 697.555 - Civil penalties; restitution.
Section 697.602 - Definitions for ORS 697.602 to 697.842.
Section 697.612 - Registration requirement; exceptions.
Section 697.632 - Registration procedure; fees; rules.
Section 697.642 - Bond requirement.
Section 697.662 - Prohibited practices.
Section 697.672 - Requirement to make, keep and maintain records; rules.
Section 697.682 - Trust accounts for client funds; statements.
Section 697.702 - Interference with records of debt management service provider.
Section 697.707 - Required disclosures.
Section 697.752 - Grounds for denial, revocation or suspension of registration.
Section 697.762 - Enjoining violations; attorney fees; damages.
Section 697.822 - Remedy not exclusive.
Section 697.825 - Enforcement; orders.