Get Payday / Title Loan Initial License Application (2010 ... - Dfcs Oregon

Filling out the Payday / Title Loan Initial License Application is a critical step in securing your license to operate in Oregon. This guide will provide you with clear, step-by-step instructions to complete the application accurately and efficiently.

Follow the steps to complete your application.

1. Press the ‘Get Form’ button to access the application form online and open it in your preferred editing tool.
2. Begin by providing the name of the applicant in the designated field. Ensure that the name matches any legal documents you have.
3. Enter your taxpayer identification number (either your EIN or TIN) to help verify your business credentials.
4. If you have any assumed business names that differ from the legal name, list them in this section.
5. Fill out the address where the business will be conducted, ensuring it is not a residential address. Include city, state, telephone, ZIP code, and county information.
6. Complete the mailing address section if it differs from the business address. Again, provide the city, state, and ZIP code.
7. Identify your Oregon registered agent for service of process, providing the agent's name and contact information as required.
8. List any bank lines of credit or sources of funds and document their availability. This helps demonstrate your financial readiness to operate.
9. State the amount of cash available for loans at the time of opening your proposed office. This figure shows your financial capability.
10. Indicate whether anyone listed on your application has been convicted of a felony, and if so, provide an explanation.
11. Detail all Oregon licenses held by your company or associated individuals, including those held by any company associated with those who own 10 percent or more.
12. Describe any additional businesses you plan to operate at this location, providing as much detail as necessary.
13. Provide your loan category breakdown, estimating the percentage of unsecured loans and those secured by vehicle titles.
14. Explain how you will determine a customer’s ability to repay a loan, including applicable standards and criteria.
15. Complete any certification at the bottom, including your name, position, signature, and date.
16. Once all information is filled out accurately, save your changes. You may download, print, or share the completed form as needed for submission.

Complete your application online today to take the next step in securing your payday or title loan license.