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2017 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 086A - Mortgage Lending
Section 86A.186 - Mortgage loan originator criminal records checks; rules.
Universal Citation: OR Rev Stat § 86A.186 (2017)
(1) A person that employs or intends to employ an individual as a mortgage loan originator shall conduct a state criminal records check of the individual.
(2) A person that employs or intends to employ an individual as a mortgage loan originator shall report to the Director of the Department of Consumer and Business Services the results of each state criminal records check conducted under subsection (1) of this section.
(3) The director shall adopt rules to:
(a) Implement and administer state criminal records checks required under this section; and
(b) Specify crimes and categories of crimes for which a conviction will prevent a person from acting as a mortgage loan originator under ORS 86A.183. [Formerly 59.972]
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