Or. Admin. Code § 441-895-0065 - Rules for Use of an Assumed Business Name
(1) In addition to any requirements for
registering an assumed business name with the Secretary of State, a student
loan servicer who intends to use an assumed business name to identify the
person's student loan servicer business shall also comply with the following
before doing business under the assumed business name:
(a) If the assumed business name contains
words or phrases described in ORS
56.023, the student loan
servicer must obtain specific written approval from the director under ORS
705.635 and OAR
441-005-0010.
(b) The student loan servicer must list the
name as an other trade name on the company's MU1 in NMLS and MU3 if the name
will be used in connection with a branch location.
(2) Regardless of the lack of any ownership
interest in the assumed business name, the student loan servicer is responsible
for all actions of those acting under the assumed business name which relate to
student loan servicing.
Notes
Statutory/Other Authority: Or Laws 2021, ch 651, secs 1-10
Statutes/Other Implemented: Or Laws 2021, ch 651, secs 2-10
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