ORS § 86A.178

Current through 2024 Regular Session legislation effective April 4, 2024
Section 86A.178 - Legislative findings regarding mortgage loan originators; prohibited practice
(1) The Legislative Assembly finds and declares that:
(a) The public interest is served by identifying a mortgage loan originator with a specific mortgage banker or mortgage broker; and
(b) The public must be protected from the conflicts of interest created when a mortgage loan originator is employed by more than one mortgage lender.
(2) A mortgage loan originator may not originate loans for more than one mortgage banker, mortgage broker or other mortgage lender or independent mortgage agency at the same time.

ORS 86A.178

Formerly 59.967