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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Consumer Finance License Per ORS 725.045, and except as provided in ORS 82.010, 82.020 and 82.025, a person may not conduct a business in which the person makes a consumer finance loan of $50,000 or less or acts as an agent, broker or facilitator for a person that makes a consumer finance loan of $50,000 or less unless the person first obtains a license under this chapter. This section does not apply to a person that does not collect a fee or consideration in connection with a consumer finance loan or an application for a consumer finance loan and that: (a) Does not interact directly with a borrower or consumer; (b) Acts solely as an intermediary between the borrower or consumer and a lender or a person that conducts business as a broker or facilitator for a consumer finance loan; (c) Transmits information, electronically or otherwise, concerning the borrower or consumer to a lender or a person that conducts business as a broker or facilitator for a consumer finance loan; or (d) Prepares, issues or delivers a negotiable instrument to a lender or a person that conducts business as a broker or facilitator for a consumer finance loan for subsequent delivery to a borrower or consumer. (More Details)
Consumer Finance Registration This registration is required of any out-of-state company that DOES NOT originate loans from their corporate office location. (More Details)
Exempt Company Registration This registration is voluntary for a mortgage company that is exempt but has employees that act as mortgage loan originators. (More Details)
Mortgage Lender License This License is required of any company (including sole proprietorship) that for compensation or gain, or in the expectation of compensation or gain: (a) assists or holds itself out as being able to assist a person in obtaining or applying to obtain an Oregon residential mortgage loan, (b) makes an Oregon residential mortgage loan or (c) offers to sell or sells residential real estate paper or accepts funds for investment in real estate paper. An Oregon residential mortgage loan is any loan secured by a 1-4 dwelling unit made to an Oregon consumer, on Oregon property, or from a place of business located in Oregon. (More Details)
Branch Licenses Description Requirements Checklist
Consumer Finance Branch License A branch license is required for any person operating a consumer finance loan business per ORS Chapter 725 in multiple locations. The fee for the consumer finance license and consumer finance branch license is identical. (More Details)
Mortgage Lender Branch License This License is required for each fixed physical location, other than the main location of the company, of a licensed Mortgage Lending company offering to originate residential mortgage loans for Oregon consumers, secured by Oregon property or at a physical location in Oregon. (More Details)
Individual Licenses Description Requirements Checklist
Mortgage Loan Originator License This license is required of any individual, who for compensation or gain, or in the expectation of compensation or gain, takes a residential mortgage loan application or offers to negotiate or negotiates the terms of a residential mortgage loan for an Oregon consumer, on Oregon property or from a place of business in Oregon. (More Details)
 

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