OAR 839-014-0090: Procedure for Obtaining an Indorsement

An indorsement may be applied for as follows: (1) File a completed application on forms supplied by the Bureau. In the case of a partnership or corporation, each partner, majority shareholder or major shareholders must complete and file a separate application form. (2) Pay the appropriate fees at the time the application is filed. In the case of a partnership, each partner must pay the appropriate fee. (3) File with the application proof of financial ability as provided for in ORS 658.415 or 658.735, whichever is greater, or a greater amount if required by the Commissioner, on forms supplied by the Bureau. In the case of a partnership, each partner must file such proof. Such proof may be a corporate surety bond, or a deposit in cash or negotiable securities acceptable to the Commissioner. (4) File any assumed business name and corporate name with the Corporation Division and submit proof of such filing with the application. (5) If a corporation, show proof of being authorized to do business in Oregon.