The Oregon Money Transmitter License guide (Faisal Khan LLC, July 2026) covers ORS 717.200–717.320, the Oregon Money Transmitters Act, administered by the Division of Financial Regulation in Salem. Oregon's defining feature: bonding and capital scale with your physical footprint, not your transaction volume — and both are capped.
The security device (Oregon's term for the bond) is $25,000 base plus $5,000 per additional location or delegate, capped at $150,000. A company transmitting $500 million from one office posts the same $25,000 as one transmitting $500,000 — volume doesn't move the number, locations do. Net worth runs on a separate scale: $100,000 GAAP plus $25,000 per location or delegate, capped at $500,000. The application fee is a flat $1,000, and the guide is blunt that anyone quoting $500 is citing a fee that doesn't exist.
On crypto, DFR's published position — not an inference — is that virtual currency businesses need a money transmitter license, with no separate BitLicense-style track. The guide corrects a live misconception: HB 2071 (2025), which would have exempted node operation and software-only platforms, died in committee without a vote, so any claim of a software carve-out describes a failed bill, not a statute.
What the guide covers:
- Annual, calendar-year license expiring 31 December regardless of issue date
- Closed exemption list under ORS 717.210(1) — no carve-out for broker-dealers, insurers or payment processors
- Unlicensed transmission as a Class C felony under ORS 717.905(3)
- Quarterly MSB Call Reports and 15-day event reports for bankruptcy or control changes
- Examination costs of $60 per hour per examiner, billed to the licensee
- Authorized delegate obligations, including 24-hour theft reporting and trust-fund treatment
Budget 3–6 months end-to-end despite Oregon's one-month processing estimate for complete files.