Mortgage Lending

ORS 86A.178
Legislative findings regarding mortgage loan originators

  • prohibited practice


(1)

The Legislative Assembly finds and declares that:

(a)

The public interest is served by identifying a mortgage loan originator with a specific mortgage banker or mortgage broker; and

(b)

The public must be protected from the conflicts of interest created when a mortgage loan originator is employed by more than one mortgage lender.

(2)

A mortgage loan originator may not originate loans for more than one mortgage banker, mortgage broker or other mortgage lender or independent mortgage agency at the same time. [Formerly 59.967]

Source

Last accessed
Jun. 26, 2021