Oregon Code § 744.326·Enacted ·Last updated March 01, 2026
Statute Text
License application; fee.
(1) In order to obtain a license to transact business as a life settlement
provider or as a life settlement broker, an applicant shall apply for the
license on a form prescribed by the Director of the Department of Consumer and
Business Services, with payment of any fee required for the application.
(2) The director
may request biographical, organizational, locational, financial, employment and
any other information on the application form that the director determines to
be relevant to the evaluation of applications and to the granting of the license.
The director may also require a statement of the business plan or plan of
operation of the applicant. The director may also require an applicant for a
life settlement provider license to file with the application a copy of the
life settlement contract that the applicant intends to use in business under
the license.
(3) If an
applicant is a corporation, the corporation must be incorporated under the laws
of this state or must be a foreign corporation authorized to transact business
in this state. [1995 c.342 §5]