OAR 441-860-0030
Branch Office Licensing

(1)

If a mortgage banker or mortgage broker intends to operate a branch office, the mortgage banker or mortgage broker shall obtain a license for the branch office prior to originating loans from the branch office by submitting the licensing fee specified in OAR 441-860-0101 (Fees Payable to the Director) and submitting a Form MU3 to the Nationwide Mortgage Licensing System and Registry:

(2)

Upon satisfaction of the requirements listed in section (1), the director shall issue a separate branch office license.

Source: Rule 441-860-0030 — Branch Office Licensing, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-860-0030.

441‑860‑0020
Application Requirements 441‑860‑0021
Biographical Information Required for Mortgage Banker or Mortgage Broker License Application 441‑860‑0024
Deficiencies in Mortgage Banker or Mortgage Broker License Application 441‑860‑0025
Rules for Use of Assumed Business Names 441‑860‑0030
Branch Office Licensing 441‑860‑0040
Supervision of Branch Offices and Mortgage Loan Originators 441‑860‑0045
State Criminal Records Check 441‑860‑0050
Renewal of Mortgage Banker and Mortgage Broker License 441‑860‑0060
Equivalent and Related Experience 441‑860‑0070
Disclosure of Significant Developments 441‑860‑0080
Failure to Continually Satisfy Experience Requirement 441‑860‑0085
Corporate Surety Bond for Mortgage Bankers or Mortgage Brokers Acting as or Employing a Mortgage Loan Originator 441‑860‑0090
Corporate Surety Bond or Irrevocable Letter of Credit for Mortgage Bankers Not Employing Mortgage Loan Originators 441‑860‑0101
Fees Payable to the Director 441‑860‑0110
Examination Charges Mortgage Bankers or Mortgage Brokers Pay to the Director 441‑860‑0130
Private Money Loans

Last Updated

Jun. 8, 2021

Rule 441-860-0030’s source at or.us

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Location: https://oregon.public.law/rules/oar_441-860-0030

Original Source: Rule 441-860-0030 — Branch Office Licensing, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-860-0030 (last accessed Jun. 8, 2021).