Oregon State Licensing

Mortgage Lender Law

• Department of Consumer and Business Services
• Division of Finance and Corporate Securities

• Workers' compensation
• Occupational safety and health
• Financial services
• Insurance
• Building codes
• Small business

• Depository financial institutions
• Non-depository institutions
• Securities

• Residential mortgage transaction
• Mortgage banking loan
• Mortgage loan

Anyone who makes and negotiates loans and handles investmens in "real estate paper"

Individual who earns compensation by taking residential loan application or by negotiating terms of a residential mortgage loan

• Mortgage brokers
• Mortgage bankers
• Mortgage loan originators

• Fin. institutions
• Fin. holding companies, bank holding companies, or savings and loan holding companies
• Persons who use own funds to make loans
• Oregon-licensed attorneys
• Sellers
• Agencies of U.S. or of a state
• Persons holding mechanics liens

• Out-of-state providers of loan funds
• nonprofits
• Mortgage brokers
• Retirement or pension fund managers
• Insurers
• Court-appointed fiduciaries

• Purchasers of real estate issuing obligation to seller to finance transaction
• Real estate licensees
• Mortgage bankers
• Persons licensed under OR law on Mobile Home and Manufactured Dwelling Parks