OAR 441-065-0250
Definitions
(1)
An “agency transaction” is defined as a transaction in securities where one person acts for the account of another person.(2)
A “generic registration” of securities is defined as a registration procedure where a variety and series of securities to be offered is registered based on a gross dollar volume.(3)
A “participation” or “fractional interest” is defined as a transaction where several investors are given an interest in a single mortgage, trust deed, or single land sales contract. This is sometimes referred to as a “split.”(4)
A “pooled investment or interest” is defined as a transaction where the investor is given a partial interest along with other investors, in more than one mortgage, trust deed, or land sales contract.(5)
A “principal transaction” is defined as a transaction in mortgage broker securities where a person sells or deals for the person’s own account or for the account of an affiliate, officer, director or person holding a similar position with the principal.
Source:
Rule 441-065-0250 — Definitions, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-065-0250
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