Oregon Revised Statutes Chapter 717 § 717.215 — Requirements for licensees; net worth; permissible investments
Oregon Revised Statutes Chapter 717 ·
Oregon Code § 717.215·Enacted ·Last updated March 01, 2026
Statute Text
Requirements for licensees; net worth; permissible investments.
(1) Each licensee shall at all
times have a net worth of not less than $100,000, calculated in accordance with
generally accepted accounting principles. Licensees engaging in money
transmission at more than one location or through authorized delegates shall
have an additional net worth of $25,000 per location in this state, not to
exceed a maximum of $500,000.
(2) Every
applicant, at the time of filing of an application for a license under ORS
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 717.215
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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