Regulatory Alerts2025-01-01 | Bulletin 2025-1Oregon DFR Bulletin 2025-1: Tax Debt Management Services Require DMSP Registration
The Oregon Division of Financial Regulation issued Bulletin 2025-1 to clarify that companies providing tax debt management services must register as debt management service providers under state law. The agency determined that tax obligations constitute personal debts with their ordinary meaning, thereby bringing such services within the scope of the Debt Management Service Provider law. Entities failing to register may face enforcement actions and civil penalties of up to $5,000 per violation.
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