Beginning on Jan. 1, 1994, the State of Oregon required licensing for mortgage bankers and mortgage brokers. The licensing law required that each licensee maintain a surety bond or irrevocable letter of credit of at least $25,000 and use an in-state clients' trust account if the licensee accepts clients' funds prior to the close of escrow. Each licensee is also required to employ an experienced person who has at least three years experience in mortgage lending. The law provides for the licensing of the company, not the individual loan originators.
Since Jan. 1, 2002, licensees have been required to notify DFCS of the names of loan originators working for the licensee that originate Oregon residential mortgage loans. All loan originators also must complete 20 hours continuing education every 2 years.
Affidavit and undertaking - no clients' trust account 440-2776
last updated: 06/01/2007 |
PDF
| Word |
Change of name or address request 440-3919
last updated: 03/08/2006 |
PDF
| Word |
Clients' trust account, notice of 440-2777
last updated: 03/08/2006 |
PDF
| Word |
Examination - loan worksheet 440-3369
last updated: 03/08/2006 |
PDF
| Word |
Examination report 440-3368
last updated: 08/31/2007 |
PDF
| Word |
Foreclosure Notice
last updated: 02/23/2009 |
PDF
| Word |
Interest Rate Lock/Float Agreement 440-4828
last updated: 08/20/2008 |
PDF
| Word |
Investor Disclosure Information 440-4827
last updated: 08/20/2008 |
PDF
| Word |
Loan originator notification form 440-2772
last updated: 03/08/2006 |
PDF
| Word |
Loan originator termination notification 440-2907
last updated: 03/08/2006 |
PDF
| Word |
Mortgage lender application package 440-2773, etc.
last updated: 06/28/2007 |
PDF
| Word |
Mortgage Lender Report of Limited Examination 440-0949
last updated: 12/11/2008 |
PDF
| Word |
New branch application 440-3910, etc.
last updated: 03/08/2006 |
PDF
| Word |
Nonprofit applying for mortgage lender licensing exclusion request 440-3457
last updated: 12/15/2006 |
PDF
| Word |
Personnel Information Ledger 440-4826
last updated: 08/27/2008 |
PDF
| Word |
Section 5 - Affiliated Person Information 2894
last updated: 03/08/2006 |
PDF
| Word |
Surety bond form 440-2775
last updated: 06/28/2007 |
PDF
| Word |