Oregon Law
Law as of Jan 1, 2024
Chapter contents
717.010[1965 c.503 §2; 1973 c.797 §403; 1985 c.762 §51; 1987 c.373 §55; 1993 c.744 §23; repealed by 1999 c.571 §30] 717.020[1965 c.503 §1; repealed by 1999 c.571 §30] 717.030[1965 c.503 §3; 1973 c.797 §404; repealed by 1999 c.571 §30] 717.040[1965 c.503 §4; 1973 c.797 §405; repealed by 1999 c.571 §30] 717.050[1965 c.503 §5; 1973 c.797 §406; repealed by 1999 c.571 §30] 717.060[1965 c.503 §6; 1973 c.797 §407; repealed by 1999 c.571 §30] 717.070[1965 c.503 §7(1); 1973 c.797 §408; 1977 c.135 §40; repealed by 1999 c.571 §30] 717.075[1973 c.797 §409; repealed by 1999 c.571 §30] 717.080[1965 c.503 §7(2), (3); 1973 c.797 §410; 1991 c.331 §118; 1997 c.631 §527; repealed by 1999 c.571 §30] 717.084[1973 c.797 §411; repealed by 1999 c.571 §30] 717.086[1973 c.797 §412; 1991 c.331 §119; repealed by 1999 c.571 §30] 717.090[1965 c.503 §8; 1973 c.797 §413; 1991 c.331 §120; repealed by 1999 c.571 §30] 717.095[1977 c.135 §39; 1985 c.762 §52; repealed by 1999 c.571 §30] 717.100[1965 c.503 §9; 1973 c.797 §414; repealed by 1999 c.571 §30] 717.110[1965 c.503 §10; 1973 c.797 §415; repealed by 1999 c.571 §30] 717.120[1965 c.503 §11; 1973 c.797 §416; repealed by 1999 c.571 §30] 717.130[1965 c.503 §12; 1973 c.797 §417; repealed by 1999 c.571 §30] 717.140[1965 c.503 §13; repealed by 1999 c.571 §30] 717.150[1965 c.503 §14; 1973 c.797 §418; repealed by 1999 c.571 §30] 717.160[1955 c.503 §15; 1971 c.734 §173; 1973 c.797 §419; repealed by 1999 c.571 §30] 717.200Definitions 717.205License required to conduct money transmission business; relationship to banking; licensing program 717.210Exemptions; waiver; rules 717.215Requirements for licensees; net worth; permissible investments 717.220License application; rules 717.225Security devices 717.230Application fee 717.235License issuance; grounds for disapproval of application; appeals 717.240License renewal; annual fee; renewal report; rules 717.245Events requiring filing of report with director 717.250Notice of change or acquisition of control of licensee; waiver; rules 717.255Examination of licensee; notice; costs 717.260Retention of records 717.265Suspension or revocation of license; appeals 717.270Conduct of money transmission business through authorized delegates; contracts 717.275Requirements for authorized delegates 717.280Order suspending or barring authorized delegate; grounds; appeals 717.285Limit on responsibility of licensee; costs and attorney fees 717.290Cease and desist order; appeals 717.295Injunctions; consent orders 717.300Subpoena authority 717.305Consent to jurisdiction of courts; director as agent for service of process 717.310Rules 717.315Deposit of moneys in Consumer and Business Services Fund 717.320Short title 717.900Civil penalties 717.905Criminal penalties 717.910[1975 c.544 §54; 1991 c.734 §95; repealed by 1999 c.571 §30] 717.990[1965 c.503 §16; 1973 c.797 §420; repealed by 1975 c.544 §62]

Chapter 717 — Money Transmission

ORS 717.290 Cease and desist order; appeals

(1)

If the Director of the Department of Consumer and Business Services determines that any person has engaged in, is engaging in or is about to engage in any act or practice constituting a violation of ORS 717.200 to 717.320 or of any rule adopted or order issued under ORS 717.200 to 717.320, the director may:

(a)

Order the person to cease and desist from the unlawful act or practice; and

(b)

Take any affirmative action as may be necessary to carry out the provisions of ORS 717.200 to 717.320, including assessing the costs of any investigation.

(2)

Except as provided in subsection (3) of this section, the director may not issue an order under this section without opportunity for a hearing in accordance with ORS chapter 183.

(3)

If required for the immediate protection of the public interest, the director may issue a cease and desist order without a hearing in accordance with ORS 183.430

(2)

.

(4)

A cease and desist order of the director under ORS 717.200 to 717.320, 717.900 and 717.905 must state the grounds upon which the order is based and, except for a summary order issued in accordance with ORS 183.430

(2)

, does not become effective for at least 20 days after written notice of the order has

been sent by registered or certified mail to the person at the person’s principal place of business.

(5)

Appeals from a cease and desist order of the director may be taken to the courts of this state as provided by ORS chapter 183.

Official sources · 2Tap to view provenance and version history

Online copy of the published ORS edition

Provenance

Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.