OAR 441-755-0100: Initial Application

In addition to the items specified in ORS 697.510, an applicant must submit: (1) The applicant’s business telephone number and fax number, if any; (2) The mailing address for the applicant’s principal place of business, if different than the street address; (3) The applicant’s taxpayer identification number; (4) A statement of current financial condition, including a compiled balance sheet and profit-and-loss statement, or if the applicant is a newly formed entity, the source of funds to be used for check cashing activity; (5) A resume or other document listing the past five (5) years work experience for control persons, or persons with equivalent duties for the applicant; (6) Identifying information for control persons sufficient to conduct an investigation to determine the person's financial responsibility; (7) Disclosures for the applicant and each person identified in section (5) of this rule, including dates and specific details, for any of the following events that occurred in the 10 years before the date the application is submitted: (a) A felony conviction; (b) A misdemeanor conviction involving fraud, misuse of money, or theft; (c) An entry of a money judgment that currently remains entirely or partially unpaid; (d) An administrative action in any state resulting in civil penalties or action taken against a license held by the person; or (e) A voluntary or involuntary filing for bankruptcy protection; (8) A listing of any other business regulated by the Division of Financial Regulation being conducted or to be conducted at the licensed location; and (9) A copy of the check-cashing fees to be charged, and if the fee schedule will be different at some licensed locations, what fee schedule applies to which locations.