1. (1) Licensees are required to file their annual report by March 31 of each year. Licensees must also provide known information on any felony conviction, or any conviction involving theft or fraud, of any executive officer, director, managing partner, or the manager of any office location that occurred during the reporting period that had not already been reported to the director. This applies to:

   1. (a) A new qualified person or office manager;
   2. (b) A new experienced person;
   3. (c) Material changes in business plan; or
   4. (d) Any criminal conviction entered against any person named in the application.
2. (2) In addition, a consumer finance licensee employing one or more mortgage loan originators shall file a report of condition with the National Mortgage Licensing System and Registry of the consumer finance licensee’s business and operations in Oregon related to residential mortgage transactions. The report shall be filed within 45 days following the end of each calendar quarter.

Statutory/Other Authority

ORS 725.505 & 86A.242

Statutes/Other Implemented

ORS 725.190 & 86A.239

History

FSR 1-2020, minor correction filed 03/19/2020, effective 03/19/2020
FCS 4-2012, f. & cert. ef 8-1-12
FCS 6-2010, f. & cert. ef. 6-4-10
FCS 3-2010, f. 3-18-10, cert. ef. 3-22-10
FCS 3-2009, f. & cert. ef. 6-2-09
FCS 5-2006, f. & cert. ef. 12-21-06
FCS 2-2001, f. 1-22-01, cert. ef. 3-22-01