Oregon Code § 717.210·Enacted ·Last updated March 01, 2026
Statute Text
Exemptions; waiver; rules.
(1) ORS 717.200 to 717.320, 717.900 and 717.905 do not apply to:
(a) Any company
that accepts deposits in this state and that is insured under the Federal
Deposit Insurance Act, 12 U.S.C. 1811 et seq., as amended.
(b) Credit unions
or trust companies.
(c) The United
States Government or any department, agency or instrumentality thereof.
(d) The United
States Postal Service.
(e) Any state or
political subdivision of a state.
(f) The provision
or electronic transfer of government benefits for any federal, state or county
government or other agency as defined in the Federal Reserve Board Regulation E
(12 C.F.R. part 205), by a contractor for and on behalf of the United States Government
or any department, agency or instrumentality of the United States, or any state
or any political subdivision of a state.
(g) The provision
or handling of electronic or other transfer of escrowed moneys by an escrow
agent licensed under ORS 696.511 to the extent that the escrow agent is:
(A) Closing an
escrow, as defined in ORS 696.505;
(B) Engaging in
activity related to a collection escrow, as defined in ORS 696.505; or
(C) Serving as a
trustee of a trust deed in accordance with ORS 86.713.
(h) Authorized
delegates of a licensee, acting within the scope of authority conferred by a
written contract as described in ORS 717.270.
(i) Any bank
holding company as defined in the federal Bank Holding Company Act of 1956, 12
U.S.C. 1841 et seq., as amended, or any financial holding company as defined in
ORS 706.008.
(j) Any savings
and loan holding company as defined in 12 U.S.C. 1467a (a)(1)(D), as amended.
(2) The Director
of the Department of Consumer and Business Services by rule or order may modify
or waive the application of ORS 717.200 to 717.320, 717.900 and 717.905 to any
person or group of persons if the director determines that adequate regulation
of the person or group of persons is provided by law or by another agency of
this state.
(3) The director
by rule or order may temporarily suspend the application of ORS 717.200 to
717.320, 717.900 and 717.905 to any person or group of persons while the
director considers whether an exemption should be granted and during the
pendency of any rulemaking proceeding proposing to create an exemption. [1999
c.571 §4; 2001 c.377 §50; 2013 c.444 §3]