Mortgage Lenders, Branches of - Oregon Licenses, Permits and Registrations

Detailed Information for:	Mortgage Lenders, Branches of
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Updated:	2/26/2009
Description:	The term "Branch Office" is defined as a location, separate from the principal place of business of the licensed mortgage broker or mortgage banker ("licensee"), where a licensee or persons authorized to act on behalf of a licensee perform the activities described in ORS 59.840(5)(a) and 59.840(7)(a). Similar Keywords: bankers, brokers, finance, financing, homes, houses, lenders, lending, lending officers, loans, mortgages, officers, origination, originators, property
Statutes, Rules, Ordinances:	ORS 59 OAR 441-860-0030
Duration:	See additional information below
Fees - application, exam, etc.:	Initial fee: If the branch is part of the initial application package, the initial branch fee is $165. Renewal fee: $165 A fee of $247.50 is required for each branch added after the mortgage banker or mortgage broker license is issued.
Responsible Agency:	Finance & Corporate Securities Div DFCS - Licenses
Bonding Requirements:	Surety bond rider. Increase bond coverage by $5,000 for each new branch to maximum of $50,000, if applicable. Add ABN/DBA used by new branch, if applicable.
Insurance Requirements:	None
Service Links:	Division Web site, Mortgage Lenders Section Search License Holders New branch application Application/Renewal on the Web Agency Contact Information
Additional Information:	Overnight mail address: 350 Winter St NE, Room 410 Salem, OR 97301-3881 License duration information The branch license is valid for up to two years, depending on the firm's initial license - but all licenses will expire no later than December 31, 2010.

	Agency Information
Please refer to the Agency Website for further details and additional information.
Agency Name:	Finance & Corporate Securities Div DFCS - Licenses
E-mail Address:	dcbs.dfcsmail@state.or.us
Phone:	503-378-4140
Mail Address:	Division of Finance & Corporate Securities PO Box 14480 Salem, OR 97309 - 0405
Website Information:	http://dfcs.oregon.gov/

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