2021 Oregon Revised Statutes
Chapter 086A - Mortgage Lending
Section 86A.145 - Oaths and subpoenas in proceedings before director.

2021 Oregon Revised Statutes

Volume : 02 - Business Organizations, Commercial Code

Chapter 086A - Mortgage Lending

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.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.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.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.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 insura...

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.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.