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 State Licensing Requirements 

 
Company Licenses Description Requirements Checklist
Consumer Finance License A consumer finance license is required for any person or company that originates consumer finance loans of $50,000 or less to Oregon consumers, or acts as an agent, broker or facilitator for a person that makes consumer finance loans of $50,000 or less to Oregon consumers. A consumer finance license is required only if the annual percentage rate (APR) is 12% or higher. No license is required for business or commercial loans. (More Details)
Consumer Finance Registration A consumer finance company registration is required for any person or company that DOES NOT originate loans from their corporate office location, but has locations that make consumer finance loans of $50,000 or less to Oregon consumers. A consumer finance registration is required only if the annual percentage rate (APR) is 12% or higher. No license is required for business or commercial loans. (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 consumer finance branch license is required for each location that originates loans of $50,000 or less with an APR of 12% or higher. No license is required for business or commercial loans. (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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