{"data":{"id":"us-or/ors-717.205","jurisdiction":"us-or","citation":"ORS 717.205","heading":"License required to conduct money transmission business; relationship to banking; licensing program.","body":"(1) A person, other than a person that is exempt under ORS 717.210, may not conduct a money transmission business without a license that the Director of the Department of Consumer and Business Services issues in accordance with ORS 717.200 to 717.320, 717.900 and 717.905.\n      (2) A licensee may conduct business in this state at one or more locations that the licensee owns directly or indirectly, 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.\n      (3) Conducting a money transmission business does not alone constitute banking or branch banking for the purposes of the Bank Act.\n      (4) The director has jurisdiction over a person that conducts a money transmission business whether or not the person is a licensee or authorized delegate.\n      (5) The director, consistent with the requirements of ORS 717.200 to 717.320, 717.900 and 717.905, may administer a program to issue and renew licenses for money-transmission businesses by means of an agreement with the Nationwide Multistate Licensing System.","path":["18 - Financial Institutions, Insurance","53. Financial Institutions","Chapter 717 — Money Transmission"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors717.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:17Z","sha256":"4e3eb4cc3d8aee3fdbd9b89e395d1b72eaebc89fc423608cb3b1e682ef80d187","source_id":"us-or","stale":false,"prev":"us-or/ors-717.200","next":"us-or/ors-717.210"},"notice":"GroundRules: Original legal text. Not legal advice."}