OAR 441-446-0230
Recordkeeping Requirements for Residential Mortgage Loans
(1)
A copy of each loan application form signed by the borrower;(2)
A copy of all documentation relied upon in making the loan decision;(3)
A copy of all documents submitted by a borrower to the dealer in connection with the loan application;(4)
A copy of any documents noting approval or denial of a borrower’s mortgage loan application;(5)
A copy of all correspondence with the borrower in writing or in a format easily converted to writing;(6)
A copy of all Truth in Lending Act disclosure statements required by Regulation Z, 12 C.F.R. Part 1026;(7)
A copy of an authorization signed by the borrower to release credit information to the dealer for evaluating whether to extend credit to the borrower;(8)
A copy of every credit report accessed by the dealer in connection with the loan;(9)
A copy of the retail installment contract signed by both parties, the note, or a copy of another form of agreement signed by the parties evidencing the terms of the transaction for the manufactured structure;(10)
A copy of the purchase agreement signed by the borrower;(11)
A copy of the ownership documents filed with the director under ORS 446.561 (Definitions for ORS 446.566 to 446.646) et seq.; and(12)
A copy of the borrower’s payment schedule and a copy of receipts for loan payment received by the dealer.
Source:
Rule 441-446-0230 — Recordkeeping Requirements for Residential Mortgage Loans, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-446-0230.