Or. Admin. Code § 441-880-0320

Current through Register Vol. 64, No. 1, January 1, 2025

Section 441-880-0320 - Notice of Significant Events by Mortgage Loan Originator

A mortgage loan originator shall be required to notify the director within 30 days of the occurrence of any of the following significant developments:

(1) Filing for bankruptcy;

(2) Notice that a state began license revocation proceedings against the mortgage loan originator;

(3) Filing of a felony indictment against the mortgage loan originator;

(4) Convictions for any felony or conviction for a misdemeanor involving fraud;

(5) Instances of material litigation occurring against the mortgage loan originator;

(6) Changes in the information required on the mortgage loan originator's application form, including, but not limited to address changes, phone number changes, and other information; and

(7) Changes in the employment status of a mortgage loan originator.

Or. Admin. Code § 441-880-0320

FCS 4-2012, f. & cert. ef. 8-1-12

Stat. Auth.: ORS 86A.188

Stats. Implemented: ORS 86A.188