There is a newer version of the Oregon Revised Statutes
2015 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 086A - Mortgage Lending
MORTGAGE BANKERS; MORTGAGE BROKERS; MORTGAGE LOAN ORIGINATORS- Section 86A.095 - Short title.
- Section 86A.100 - Definitions.
- Section 86A.103 - License required to engage in residential mortgage transactions as mortgage banker or mortgage broker.
- Section 86A.106 - Procedures for licensing; experience required; certification; surety bond or letter of credit; fees; rules.
- Section 86A.109 - Expiration of initial license; renewal; duration of renewed license; change in personnel; rules.
- Section 86A.112 - Licensees to keep records; inspection; filing financial reports; rules.
- Section 86A.115 - Grounds for denying, suspending, conditioning or revoking license.
- Section 86A.118 - Action against applicant or licensee for act or omission of associate; exception.
- Section 86A.121 - Cancellation of license or application; application to surrender license.
- Section 86A.124 - Supervisory authority of director over mortgage bankers, mortgage brokers and mortgage loan originators; documents exempt from disclosure.
- Section 86A.127 - Investigations; publicity with respect to violations; cease and desist order.
- Section 86A.130 - Enjoining violations; fine; appointment of receiver; attorney fees; damages to private parties.
- Section 86A.133 - Procedures where assets or capital of mortgage banker or mortgage broker found impaired; involuntary liquidation.
- Section 86A.136 - Rules; financial statements.
- Section 86A.139 - Notice of orders; hearings on orders.
- Section 86A.142 - Judicial review of orders.
- Section 86A.145 - Oaths and subpoenas in proceedings before director.
- Section 86A.148 - Copies of documents; fees; rules; effect of certification.
- Section 86A.151 - Liability of person that employs mortgage loan originator; recovery of damages; limitations on proceeding; action against bond or letter of credit; attorney fees.
- Section 86A.154 - Fraud and deceit with respect to mortgage banker or mortgage broker business.
- Section 86A.157 - Clients’ Trust Account; examination; deposit of funds; interest; rules.
- Section 86A.160 - Notice to bank regarding Clients’ Trust Account.
- Section 86A.163 - Prohibited advertisements.
- Section 86A.166 - Designation of principal place of business; other offices; change of personnel; registered agent.
- Section 86A.169 - Disclosure required before closing mortgage loan or mortgage banking loan.
- Section 86A.172 - Advisory committee.
- Section 86A.175 - Servicing or collecting mortgage banking loan or mortgage loan by mortgage banker or mortgage broker.
- Section 86A.178 - Legislative findings regarding mortgage loan originators; prohibited practice.
- Section 86A.179
- Section 86A.180
- Section 86A.183 - Prohibited conduct for mortgage bankers, mortgage brokers and mortgage loan originators; conditions affecting employment of mortgage loan originators.
- Section 86A.186 - Mortgage loan originator criminal records checks; rules.
- Section 86A.187
- Section 86A.188
- Section 86A.189
- Section 86A.195 - Restrictions on negative amortization loans; verification of borrower income; prepayment penalties.
- Section 86A.196 - Notice of reverse mortgage prohibition in homestead property tax deferral program; summary of terms of reverse mortgage in advertisement or solicitation.
- Section 86A.198 - Materials in languages other than English; requirements.
- Section 86A.200 - Definitions.
- Section 86A.203 - License and unique identifier for mortgage loan originator; requirements; exemptions; rules.
- Section 86A.206 - Application for license; information and materials required for application; rules.
- Section 86A.209 - Interim license; findings required.
- Section 86A.212 - Findings required for issuing license; basis for denial; rules.
- Section 86A.215 - Education and testing requirements for license; education and test providers.
- Section 86A.218 - License renewal; expiration; reinstatement; rules.
- Section 86A.221 - Continuing education requirements for mortgage loan originator; credit allowed.
- Section 86A.224 - Denying, suspending, conditioning, revoking or declining to renew license; findings required; order; civil penalty; prohibited activity; criminal liability.
- Section 86A.227 - Corporate surety bond required; right of action; rules.
- Section 86A.230 - Contracts or agreements with Nationwide Mortgage Licensing System and Registry and other agencies; information sharing; confidentiality; reports of violations; rules.
- Section 86A.233 - Production of records; investigations, examinations and subpoenas; possession of records; access to records; powers of director; prohibited activities.
- Section 86A.236 - Prohibited activities.
- Section 86A.239 - Display of license and unique identifier; rules; report of condition.
- Section 86A.242 - Rules.
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