OAR 441-810-0160: Office and Trust Account Location

(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).