(2) A licensee may conduct business in this state at one or more locations that the licensee owns directly or indirectly, through one or more authorized delegates, or both. A licensee is required to obtain only one license under ORS 717.200 to 717.320, 717.900 and 717.905.
(3) Conducting a money transmission business does not alone constitute banking or branch banking for the purposes of the Bank Act.
(4) The director has jurisdiction over a person that conducts a money transmission business whether or not the person is a licensee or authorized delegate.
(5) The director, consistent with the requirements of ORS 717.200 to 717.320, 717.900 and 717.905, may administer a program to issue and renew licenses for money-transmission businesses by means of an agreement with the Nationwide Multistate Licensing System. [1999 c.571 §3; 2015 c.118 §7]