Or. Admin. Code § 441-895-0035
Current through Register Vol. 63, No. 10, October 1, 2024
Section 441-895-0035 - Liquidity, Operating Reserves, and Tangible Net Worth Requirements(1) An applicant or licensee operating an approved servicer must maintain liquidity, operating reserves, and tangible net worth of at least $250,000.(2) The director may waive or adjust the requirements in this section if it finds that doing so will be in the public interest. The director shall consider the servicer's loan portfolio, operational risks, net worth, operating reserves, and degree of supervision by other regulatory entities.Or. Admin. Code § 441-895-0035
FSR 2-2022, adopt filed 06/27/2022, effective 7/1/2022Statutory/Other Authority: Or Laws 2021, ch 651, secs 1-10
Statutes/Other Implemented: Or Laws 2021, ch 651, secs 2-10