In addition to any fees required to participate in the NMLS, a student loan servicer shall pay to the director the following fees at the time of application or renewal:

1. (1) A nonrefundable application fee for a student loan servicer license of $1,000 plus a $500 nonrefundable application fee for each branch the student loan servicer establishes in Oregon.
2. (2) The fee for late renewals is $500. The director may waive this if there is good cause and the late renewal was outside the licensee’s control.
3. (3) Application and renewal fees are in addition to annual assessments under OAR 441-895-0050.

Statutory/Other Authority

Or Laws 2021, ch 651, secs 1-10

Statutes/Other Implemented

Or Laws 2021, ch 651, secs 2-10

History

FSR 2-2022, adopt filed 06/27/2022, effective 07/01/2022