Oregon Code § 717.245·Enacted ·Last updated March 01, 2026
Statute Text
Events
requiring filing of report with director.
Within 15 days following the occurrence of any one of
the events listed in this section, a licensee shall file a written report with
the Director of the Department of Consumer and Business Services describing the
event and the events expected effect on the licensees activities in this
state:
(1) The filing
for bankruptcy or reorganization by the licensee or the licensees sole owner;
(2) The
commencement of revocation or suspension proceedings against the licensee by
any state or governmental authority with regard to the licensees money
transmission activities;
(3) Any felony indictment
of the licensee or any of its key officers or directors;
(4) Any felony
conviction of the licensee or any of its key officers or directors; or
(5) The theft of
payment instruments from the licensee in an amount equal to or greater than 10
percent of a licensees monthly amount of outstanding payment instruments. [1999
c.571 §11]
Plain English Explanation
This Oregon statute addresses Events
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 717.245
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Events
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 717.245. Use this format in legal documents and court filings.
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