Chapter 697 — Chapter 697
181 sections in this chapter.
ORS 697.181 [1959 c.525 §14; 1963 c.580 §61; 1969 c.373 §10; 1975 c.364 §15; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.190 [Amended by 1959 c.525 §17; 1963 c.558 §7; 1975 c.364 §16; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.200 [Amended by 1975 c.364 §17; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.210 [Amended by 1959 c.525 §18; 1963 c.580 §62; 1975 c.364 §18; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.220 [Amended by 1959 c.525 §19; repealed by 1973 c.794 §34]
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[Repealed or reserved.]
ORS 697.230 [Amended by 1959 c.525 §20; 1963 c.558 §8; 1963 c.580 §63; 1975 c.364 §19; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.235 [1959 c.525 §22; 1975 c.364 §20; 1977 c.185 §10; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.240 [Amended by 1957 c.429 §2; 1959 c.525 §23; 1963 c.558 §9; 1975 c.364 §21; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.245 [1974 c.25 §9; 1975 c.364 §22; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.250 [Amended by 1959 c.525 §24; 1975 c.364 §23; 1977 c.185 §11; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.260 [Repealed by 1959 c.525 §36]
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[Repealed or reserved.]
ORS 697.261 [1959 c.525 §15; 1963 c.558 §10; 1963 c.580 §64; 1969 c.373 §11; 1973 c.547 §6; 1975 c.364 §24; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.270 [Amended by 1959 c.525 §25; repealed by 1971 c.734 §21]
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[Repealed or reserved.]
ORS 697.271 [1975 c.364 §33; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.273 [1975 c.364 §34; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.275 [1963 c.580 §57; 1975 c.364 §25; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.280 [Repealed by 1959 c.525 §36]
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[Repealed or reserved.]
ORS 697.281 [1975 c.364 §36; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.285 [1963 c.580 §56; repealed by 1975 c.364 §38]
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[Repealed or reserved.]
ORS 697.290 [Amended by 1959 c.525 §26; 1963 c.558 §11; 1971 c.119 §5; 1975 c.364 §26; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.295 [1977 c.185 §2; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.300 [1969 c.373 §2; 1975 c.364 §27; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.305 [1969 c.373 §3; 1975 c.364 §28; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.310 [1969 c.373 §4; 1975 c.364 §29; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.330 [1975 c.364 §35; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.400 [Repealed by 1959 c.525 §36]
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[Repealed or reserved.]
ORS 697.401 [1959 c.525 §29; 1963 c.558 §12; repealed by 1963 c.580 §103]
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[Repealed or reserved.]
ORS 697.402 [1963 c.580 §52; 1969 c.314 §98; 1971 c.753 §39; 1975 c.364 §30; 1977 c.185 §12; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.410 [Repealed by 1959 c.525 §36]
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[Repealed or reserved.]
ORS 697.411 [1959 c.525 §30; 1963 c.558 §13; repealed by 1963 c.580 §103]
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[Repealed or reserved.]
ORS 697.412 [1963 c.580 §54; repealed by 1971 c.753 §74]
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[Repealed or reserved.]
ORS 697.420 [Repealed by 1959 c.525 §36]
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[Repealed or reserved.]
ORS 697.421 [1959 c.525 §31; repealed by 1963 c.580 §103]
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[Repealed or reserved.]
ORS 697.422 [1963 c.580 §55; 1975 c.364 §31; 1977 c.185 §13; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.430 [Amended by 1953 c.518 §2; 1957 c.469 §3; repealed by 1959 c.525 §36]
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[Repealed or reserved.]
ORS 697.440 [Amended by 1959 c.525 §32; repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.450 [Amended by 1959 c.525 §33; repealed by 1971 c.753 §74]
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[Repealed or reserved.]
ORS 697.460 [Amended by 1959 c.525 §34; 1963 c.558 §14; 1967 c.216 §1; repealed by 1971 c.753 §74]
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[Repealed or reserved.]
ORS 697.470 [Repealed by 1981 c.85 §17]
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[Repealed or reserved.]
ORS 697.480 [Renumbered as part of 697.992]
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CHECK-CASHING BUSINESSES
ORS 697.500 Definitions for ORS 697.500 to 697.555. As used in ORS 697.500 to 697.555
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(1)(a) “Check-cashing business” means a person that conducts a business that for a fee, service charge or other consideration provides money, credit or any other thing of value in exchange for payment instruments. (b) “Check-cashing business” does not include a financial institut…
ORS 697.502 Exemptions from licensing and record-keeping requirements. (1) ORS 697.510, 697.512, 697.514 and 697.540 do not apply to a person licensed under ORS 717.200 to 717.320
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(2) ORS 697.510, 697.512, 697.514, 697.528 and 697.540 do not apply to a person engaged in the bona fide retail sale of goods or services and not purporting to be a check-cashing business that, as an incident of or independent of a retail sale or service, from time to time cashes…
ORS 697.504 Licensing requirement. Except as provided in ORS 697.502, a person may not conduct, purport to conduct or advertise that the person conducts a check-cashing business without first obtaining a license under ORS 697.514. [2007 c.358 §3]
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[Repealed or reserved.]
ORS 697.510 License application form and contents; waiver; rules. (1)(a) An applicant for a license to conduct a check-cashing business shall apply in writing on a form and in a format that the Director of the Department of Consumer and Business Services prescribes by rule
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(b) The director, consistent with the requirements of ORS 697.500 to 697.555, may administer a program to issue and renew licenses for check-cashing businesses by means of an agreement with the Nationwide Multistate Licensing System and may, by rule, conform the practices, proced…
ORS 697.512 Application fee and investigation fee; rules. (1) Each person who submits an application under ORS 697.510 shall at the same time pay a nonrefundable application fee and a nonrefundable investigation fee to the Director of the Department of Consumer and Business Services in amounts the director prescribes by rule. If the director approves the application and issues a license under ORS 697.514, the application fee shall constitute the license fee for the remaining portion of the first calendar year and the subsequent full calendar year in which the applicant conducts a check-cashing business
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(2) The director shall prescribe fee amounts under subsection (1) of this section that in the aggregate are sufficient to pay all expenses of the Department of Consumer and Business Services related to administering ORS 697.500 to 697.555. The director shall pay all moneys receiv…
ORS 697.514 Application review and license issuance; expiration and renewal; grounds for denial; rules. (1) After an applicant has submitted a complete application, the Director of the Department of Consumer and Business Services shall review the application and may investigate the applicant’s financial condition and responsibility, financial and business experience, character and general fitness to conduct a check-cashing business. The director may also determine if the applicant has complied with applicable provisions of ORS 697.500 to 697.555 and of federal law
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(2) The director shall issue a license to the applicant to conduct a check-cashing business at the locations identified in the application if the director finds that: (a) The applicant and the applicant’s members, officers, directors and principals are financially responsible, ha…
ORS 697.520 Prohibited practices; effect on charges for dishonored payment instruments. (1) A check-cashing business may not charge or collect, directly or indirectly, an excessive fee, service charge or other consideration for cashing a payment instrument. A fee, service charge or other consideration is excessive if the total amount charged is more than the following amounts
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(a) For a payment instrument issued by the federal government or an agency of the federal government, by this state or an agency of this state or by the government of the municipality in which a person is cashing the payment instrument: (A) $5 or two percent of the face value of …
ORS 697.522 Receipt; contents. A check-cashing business shall provide a receipt to the individual for whom the business cashes a payment instrument. The receipt must display at least
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(1) The name, assumed business name or trade name of the check-cashing business; (2) The transaction date; (3) The face amount of the payment instrument; and (4) The fee charged or collected for cashing the payment instrument. [2007 c.358 §8]
ORS 697.524 Endorsement and deposit of payment instruments. A check-cashing business shall
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(1) Endorse in the name of the business all payment instruments for which the business provided money, credit or any other thing of value; and (2) Deposit or present for payment each such payment instrument not later than one business day following the date of the transaction. [2…
ORS 697.526 Notice of fees and charges; filing with department. A check-cashing business shall conspicuously post and at all times display in each business location a notice that states the fees, services charges or other consideration that the business charges for cashing payment instruments. A licensee shall also file with the Director of the Department of Consumer and Business Services a copy of the notice posted in each of the licensee’s business locations. [2007 c.358 §10]
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[Repealed or reserved.]