(1)A person engaging in the bona fide retail sale of goods or services, cashing checks only from time to time, and not purporting to be a check-cashing business, is exempted from licensing, regulatory fees and record keeping requirements.
(a)A person purports to be a check-cashing business if the person:
(A)Advertises its check-cashing service through radio, television, print media, or the Internet; or
(B)Places signs on the outside or facing outside of its retail location offering its check-cashing service to the public.
(b)A person cashes checks only from time to time when the number of checks cashed in a calendar year does not exceed three percent of the number of retail transactions at that retail location during the previous calendar year.
(2)A money transmitter licensed in Oregon that is conducting check-cashing activity is exempt from licensing and regulatory fees, but must keep records and provide annual reports. The exemption from licensing and regulatory fees extends to any location of the licensed money transmitter where:
(a)The location is listed in filings with the director;
(b)Revenue and expenses of that location are incorporated into the license money transmitter’s annual financial statements; and
(c)The licensed money transmitter owns and operates, through its employees, that location.
Rule 441-755-0110 — Licensing Exemptions,