Money Transmitters Last updated 05/11/2021

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License Fee Description Exemptions
$600.00 Annual renewal fee: $100 - NMLS; $500 State of Oregon None
$1,000.00 Initial application fee None


Persons selling or issuing payment instruments or receiving money for transmission or transmitting money are required to be licensed as money transmitters. The purpose of licensing is to ensure that consumers receive money services in a secure manner. The definition of “money” is defined in statute to cover the ever changing landscape of virtual currency, including Bitcoin.


One year

Renewal Information

Renewal due by December 31 each year.

Duplicate License Requirements


Processing Time

Processing Time Description
1 Month

Prerequisites and Requirements

Required Documentation

Money services business (MSB) Call Report due quarterly after license issued. Additional information available at

Examination Information


Continuing Education Requirements


Bonding Requirements

$25,000 security device, $5,000 per additional location; maximum of $150,000

Insurance Requirements


Additional Information

Other Information

Overnight mail address:
350 Winter St NE, Room 410
Salem, OR 97301-3881

Statutes, Administrative Rules, Ordinances

Other Detail Information

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