Or. Admin. Code § 441-890-0020

Current through Register Vol. 64, No. 1, January 1, 2025

Section 441-890-0020 - Branch Office Licensing

(1) If a licensee intends to operate a branch office from which it will service Oregon loans or that will be located in Oregon, the licensee shall obtain a license for the branch office prior to servicing loans from the branch office by submitting the licensing fee specified in OAR 441-890-0040 and submitting a Form MU3 to the NMLS.

(2) Upon satisfaction of the requirements listed in section (1), if the company's license is in good standing and the director is satisfied that the branch application is complete, the director shall issue a separate branch office license.

FSR 9-2017, temporary adopt filed 10/20/2017, effective 10/20/2017 through 04/17/2018; FSR 3-2018, adopt filed 04/16/2018, effective4/17/2018; FSR 10-2018, minor correction filed 05/16/2018, effective 5/16/2018

Statutory/Other Authority: ORS 86A.309

Statutes/Other Implemented: ORS 86A.309