Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 810 - GENERAL
Section 441-810-0160 - Office and Trust Account Location
Universal Citation: OR Admin Rules 441-810-0160
Current through Register Vol. 63, No. 9, September 1, 2024
(1) The provisions of ORS 697.058(1), (2), (4), and (5) requiring that a registrant maintain an office location and client trust account in this state are waived provided the registrant submits a written request for waiver; and,
(a) Has been registered by the State of
Oregon for the two years immediately preceding the request; or
(b) Has been subject to regulation of the
registrant's collection agency activities by another state with laws
substantially similar to Oregon's Collection Agency Act for at least five years
immediately preceding the request.
(2) Persons who do not qualify for a waiver pursuant to subsection 1 of this section may qualify for a waiver provided they:
(a) Submit a written request for
waiver;
(b) Agree to pay the cost
of out of state audits; and
(c)
Submit an additional $5,000 bond, which is in addition to the bonding
requirements of ORS 697.031(2)(a).
Stat. Auth.: ORS 697.058(9)
Stats. Implemented: ORS 697.058(5)
Disclaimer: These regulations may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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