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4 chapters · 318 sections in this title.
ORS 86A.306 License requirement; applicability; exceptions; enforcement; rules
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(1) A person may not directly or indirectly service a residential mortgage loan in this state unless the person obtains or renews a license under ORS 86A.309. (2) Subsection (1) of this section does not apply to: (a) A person, or an affiliate of the person, that in all operations…
ORS 86A.309 Application for license; requirements; waiver; fee; conditions for issuance and renewal and for denial, revocation or refusal; license term; rules
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(1)(a) A person that is subject to the requirement to obtain or renew a license under ORS 86A.306 (1) or (3) shall submit an application to the Director of the Department of Consumer and Business Services in the manner, on a form and with the contents the director specifies by ru…
ORS 86A.312 Licensee’s principal place of business; registered agent; assumed business name
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(1) A licensee shall designate and maintain a principal place of business at or from which the licensee services residential mortgage loans in this state and shall designate a registered agent in this state. (2)(a) If a licensee does not maintain a principal place of business in …
ORS 86A.315 Required liquidity, operating reserves and tangible net worth; compliance with federal standards as compliance with requirements; director’s powers to enforce compliance
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(1)(a) A licensee shall maintain in accordance with generally accepted accounting principles sufficient liquidity, operating reserves and tangible net worth to permit the licensee to adequately meet all costs, expenses and other financial requirements related to servicing residen…