Or. Admin. Code § 441-880-0320 - Notice of Significant Events by Mortgage Loan Originator
A mortgage loan originator shall be required to notify the director within 30 days of the occurrence of any of the following significant developments:
(1) Filing for
bankruptcy;
(2) Notice that a state
began license revocation proceedings against the mortgage loan
originator;
(3) Filing of a felony
indictment against the mortgage loan originator;
(4) Convictions for any felony or conviction
for a misdemeanor involving fraud;
(5) Instances of material litigation
occurring against the mortgage loan originator;
(6) Changes in the information required on
the mortgage loan originator's application form, including, but not limited to
address changes, phone number changes, and other information; and
(7) Changes in the employment status of a
mortgage loan originator.
Notes
Stat. Auth.: ORS 86A.188
Stats. Implemented: ORS 86A.188
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