Trade Regulation

ORS 646A.643
License requirement to engage in debt buying

  • exemptions


Except as provided in subsection (2) of this section, a person may not engage in debt buying in this state unless the person obtains or renews a license under ORS 646A.646 (License application).



A person need not obtain or renew a license under subsection (1) of this section if the person is:


A financial institution, as defined in ORS 706.008 (Additional definitions for Bank Act);


A mortgage banker or a mortgage broker, both terms as defined in ORS 86A.100 (Definitions);


A person that has a license the Director of the Department of Consumer and Business Services issued under ORS 725.140 (Issuance of license);


A company that the director has authorized to transact trust business in this state under ORS 709.005 (Certificate of authority to transact trust business);


A debt management service provider, as defined in ORS 697.602 (Definitions for ORS 697);


An attorney who is authorized to practice law in this state, if the attorney engages in debt buying only incidentally in the practice of law; or


A person that the director exempts from the requirement by rule or order after determining that the public interest does not require the person to obtain a license.


This subsection does not exempt a person from the requirement set forth in subsection (1) of this section if the person engages in business or conducts an activity outside the scope of the person’s license, registration or authorization to transact business in this state. [2017 c.625 §4]


Last accessed
May 26, 2023