OAR 441-880-0315
Notice of Employment Status by Employer of Mortgage Loan Originator; Prohibition on Origination Activities Before Sponsorship

(1)

All mortgage brokers or mortgage bankers employing mortgage loan originators shall provide notice to the Nationwide Mortgage Licensing System and Registry when it authorizes a mortgage loan originator to originate Oregon residential mortgage loans. Notice must be made by submitting a request to sponsor the mortgage loan originator’s license.

(2)

No mortgage banker or broker shall allow a mortgage loan originator to originate residential mortgage loans for the mortgage banker or mortgage broker until the Director has accepted the mortgage banker or mortgage broker’s sponsorship request.

(3)

All mortgage bankers or mortgage brokers shall provide notice within 30 days to the Nationwide Mortgage Licensing System and Registry when a mortgage loan originator ceases to originate loans for the mortgage banker or mortgage broker. Notice must be made by terminating the sponsorship of the mortgage loan originator.

(4)

The director may request additional information regarding any of the occurrences outlined in this rule.

Source: Rule 441-880-0315 — Notice of Employment Status by Employer of Mortgage Loan Originator; Prohibition on Origination Activities Before Sponsorship, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-880-0315.

441‑880‑0005
Application of ORS 86A.200 to 86A.239 to Employees of Agencies of the United States, State Agencies, Local Governments and Housing Authorities 441‑880‑0006
Application of ORS 86A.200 to 86A.239 to Employees of Bona Fide Nonprofit Organizations 441‑880‑0007
Process for Determining if Nonprofit Organization is Bona Fide 441‑880‑0008
Criteria for Determining if Nonprofit Organization is Bona Fide 441‑880‑0009
Commercial Construction Lending Exemption 441‑880‑0200
Application Process 441‑880‑0205
Interim Licenses 441‑880‑0210
Financial Responsibility Criteria 441‑880‑0215
Oregon Examination For Mortgage Loan Originators 441‑880‑0300
License Renewal 441‑880‑0310
Mortgage Loan Originator Continuing Education Requirements 441‑880‑0315
Notice of Employment Status by Employer of Mortgage Loan Originator 441‑880‑0320
Notice of Significant Events by Mortgage Loan Originator 441‑880‑0400
Fees Payable to the Director

Last Updated

Jun. 8, 2021

Rule 441-880-0315’s source at or.us

Stay Connected

Join thousands of people who receive monthly site updates.

Get Legal Help

The Oregon State Bar runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

Location: https://oregon.public.law/rules/oar_441-880-0315

Original Source: Rule 441-880-0315 — Notice of Employment Status by Employer of Mortgage Loan Originator; Prohibition on Origination Activities Before Sponsorship, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-880-0315 (last accessed Jun. 8, 2021).

OAR 441-880-0315 Notice of Employment Status by Employer of Mortgage Loan Originator; Prohibition on Origination Activities Before Sponsorship

(1)

(2)

(3)

(4)

OAR 441-880-0315
Notice of Employment Status by Employer of Mortgage Loan Originator; Prohibition on Origination Activities Before Sponsorship