Or. Admin. Code § 441-850-0050 - Process to Challenge Information Entered into the National Mortgage Licensing System and Registry
(1) A
person applying for a mortgage loan originator license or a person licensed as
a mortgage loan originator has standing to challenge information regarding that
person submitted to the National Mortgage Licensing System and Registry and
transmitted to the director for the approval or denial of a mortgage loan
originator license.
(2) Information
subject to challenge by a person with standing under section (1) of this rule
is limited to information that is factually inaccurate or incomplete.
(3) A challenge of information shall be made
to the director in writing and shall include any documentation that supports
the information subject to the challenge is factually inaccurate or incomplete.
The director may limit the use of or reject information not relevant to the
challenge.
(4) If the director
determines that information is factually inaccurate or incomplete, the director
may exclude the factually inaccurate or incomplete information in determining
whether to issue or deny a mortgage loan originator license. The director may
also notify the Nationwide Mortgage Licensing System and Registry of the
factually inaccurate or incomplete information.
(5) Any person adversely affected or
aggrieved by a decision may request the division reconsider its determination
in accordance with OAR
137-004-0080.
Notes
Stat. Auth.: ORS 86A.242
Stats. Implemented: ORS 86A.230
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