Mortgage Lending

  1. Law
  2. Oregon Revised Statutes
  3. Business Organizations, Commercial Code
  4. Mortgage Lending

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Section
86A.095

Short title.

Section
86A.100

Definitions.

Section
86A.103

License required to engage in residential mortgage transactions as mortgage banker or mortgage broker.

Section
86A.106

Procedures for licensing; experience required; certification; surety bond or letter of credit; fees; rules.

Section
86A.109

Expiration of initial license; renewal; duration of renewed license; change in personnel; rules.

Section
86A.112

Licensees to keep records; inspection; filing financial reports; rules.

Section
86A.115

Grounds for denying, suspending, conditioning or revoking license.

Section
86A.118

Action against applicant or licensee for act or omission of associate; exception.

Section
86A.121

Cancellation of license or application; application to surrender license.

Section
86A.124

Supervisory authority of director over mortgage bankers, mortgage brokers and mortgage loan originators; documents exempt from disclosure.

Section
86A.127

Investigations; publicity with respect to violations; cease and desist order.

Section
86A.130

Enjoining violations; fine; appointment of receiver; attorney fees; damages to private parties.

Section
86A.133

Procedures where assets or capital of mortgage banker or mortgage broker found impaired; involuntary liquidation.

Section
86A.136

Rules; financial statements.

Section
86A.139

Notice of orders; hearings on orders.

Section
86A.142

Judicial review of orders.

Section
86A.145

Oaths and subpoenas in proceedings before director.

Section
86A.148

Copies of documents; fees; rules; effect of certification.

Section
86A.151

Liability of person that employs mortgage loan originator; recovery of damages; limitations on proceeding; action against bond or letter of credit; attorney fees.

Section
86A.154

Fraud and deceit with respect to mortgage banker or mortgage broker business.

Section
86A.157

Clients’ Trust Account; examination; deposit of funds; interest; rules.

Section
86A.160

Notice to bank regarding Clients’ Trust Account.

Section
86A.163

Prohibited advertisements.

Section
86A.166

Designation of principal place of business; other offices; change of personnel; registered agent.

Section
86A.169

Disclosure required before closing mortgage loan or mortgage banking loan.

Section
86A.172

Advisory committee.

Section
86A.175

Servicing or collecting mortgage banking loan or mortgage loan by mortgage banker or mortgage broker.

Section
86A.178

Legislative findings regarding mortgage loan originators; prohibited practice.

Section
86A.179

[Formerly 59.969; repealed by 2009 c.863 §36]

Section
86A.180

[Formerly 59.970; repealed by 2009 c.863 §36]

Section
86A.183

Prohibited conduct for mortgage bankers, mortgage brokers and mortgage loan originators; conditions affecting employment of mortgage loan originators.

Section
86A.186

Mortgage loan originator criminal records checks; rules.

Section
86A.187

[Formerly 59.973; repealed by 2009 c.863 §36]

Section
86A.188

[Formerly 59.975; repealed by 2009 c.863 §36]

Section
86A.189

[Formerly 59.977; repealed by 2009 c.863 §36]

Section
86A.195

Restrictions on negative amortization loans; verification of borrower income; prepayment penalties.

Section
86A.196

Notice of reverse mortgage prohibition in homestead property tax deferral program; summary of terms of reverse mortgage in advertisement or solicitation; annual notice to person with reverse mortgage or to escrow agent, title insurance company or other agent; exception.

Section
86A.198

Materials in languages other than English; requirements.

Section
86A.200

Definitions.

Section
86A.203

License and unique identifier for mortgage loan originator; requirements; exemptions; rules.

Section
86A.206

Application for license; information and materials required for application; rules.

Section
86A.209

Interim license; findings required.

Section
86A.212

Findings required for issuing license; basis for denial; rules.

Section
86A.215

Education and testing requirements for license; education and test providers.

Section
86A.218

License renewal; expiration; reinstatement; rules.

Section
86A.221

Continuing education requirements for mortgage loan originator; credit allowed.

Section
86A.224

Denying, suspending, conditioning, revoking or declining to renew license; findings required; order; civil penalty; prohibited activity; criminal liability.

Section
86A.227

Corporate surety bond required; right of action; rules.

Section
86A.230

Contracts or agreements with Nationwide Mortgage Licensing System and Registry and other agencies; information sharing; confidentiality; reports of violations; rules.

Section
86A.233

Production of records; investigations, examinations and subpoenas; possession of records; access to records; powers of director; prohibited activities.

Section
86A.236

Prohibited activities.

Section
86A.239

Display of license and unique identifier; rules; report of condition.

Section
86A.242

Rules.

Section
86A.300

Short title.

Section
86A.303

Definitions.

Section
86A.306

License requirement; applicability; exceptions; enforcement; rules.

Section
86A.309

Application for license; requirements; waiver; fee; conditions for issuance and renewal and for denial, revocation or refusal; license term; rules.

Section
86A.312

Licensee’s principal place of business; registered agent; assumed business name.

Section
86A.315

Required liquidity, operating reserves and tangible net worth; compliance with federal standards as compliance with requirements; director’s powers to enforce compliance.

Section
86A.318

Required notices to director; rules.

Section
86A.321

Director’s supervisory authority; examinations; confidentiality.

Section
86A.324

Duties of mortgage loan servicer; prohibited conduct; rules.

Section
86A.327

Complaints; director’s power to investigate; confidentiality; exceptions.

Section
86A.330

Violations; civil penalties; costs of investigation.

Section
86A.333

Additional duties of licensee; required response to borrower’s request for information; account history.

Section
86A.336

Suspension or removal of licensee’s director or officer.

Section
86A.339

Additional duties of mortgage loan servicer; prohibited practices.

Section
86A.990

Criminal penalties for violations of ORS 86A.095 to 86A.198.

Section
86A.992

Civil penalties for violations of ORS 86A.095 to 86A.198.