OAR 863-049-0010
Initial License Application and Content

(1) An applicant for an escrow agent’s license may be either a legal entity or an individual, but the requirements for each are slightly different. All applicants must submit:
(a) An initial license application on an Agency-approved form;
(b) Additional information required by OAR 863-049-0015 (Additional Information for Legal Entities) for legal entities or OAR 863-049-0020 (Additional Information for Individual Applicants) for individuals;
(c) The information required by OAR 863-049-0025 (Criminal Records Check Clearance Application and Fingerprint Card) concerning criminal records checks and fingerprint cards; and
(d) The fees authorized by ORS 696.530 (Expiration and renewal of license) and OAR 863-005-0090 (Fees).
(2) The application for all applicants must contain the following information:
(a) The applicant’s legal name;
(b) The assumed business name, if any, as registered with Oregon Secretary of State;
(c) The applicant’s Federal Tax ID Number;
(d) The applicant’s fiscal year end;
(e) The applicant’s main office address, phone number, FAX number, and if applicable, Web site address;
(f) If the applicant has any branch offices, the address, phone number, and FAX number of such offices;
(g) The authorized contact for the applicant, including the individual’s name, title, address, phone number and, if applicable, email address and FAX number;
(h) The name, title, date, and signature of the individual authorized to submit the application and a certification that this individual is so authorized; and
(i) For a legal entity, the application form must also contain the names of the following:
(A) Any individual or legal entity holding an ownership interest in the escrow agent of more than five percent,
(B) All corporate officers in charge of escrow operations, and
(C) All individuals in charge of escrow operations.

Source: Rule 863-049-0010 — Initial License Application and Content, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=863-049-0010.

Last Updated

Jun. 8, 2021

Rule 863-049-0010’s source at or​.us