OAR 441-860-0130
Private Money Loans

An individual is not engaged in the business of making loans secured by an interest in real estate as used in ORS 86A.100 (Definitions)(3)(b)(C) and (5)(b)(F) if the individual is making a loan from their own funds and does not make more than 10 loans secured by an interest in residential real estate during any consecutive twelve month period if they do not advertise or otherwise hold themselves out as being in the business of making mortgage loans.

Source: Rule 441-860-0130 — Private Money Loans, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-860-0130.

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 441-860-0130’s source at or.us

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Location: https://oregon.public.law/rules/oar_441-860-0130

Original Source: Rule 441-860-0130 — Private Money Loans, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-860-0130 (last accessed Jun. 8, 2021).