State Licensing Requirements

Oregon

Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.

Check state agency website for further information: Oregon Division of Finance and Corporate Securities

Common Requirements

The following requirements are handled through a common process for all jurisdictions:

Renewals - Annual license renewal for 2010

Financial Statements - Submitting financial statements through NMLS

Professional Requirements - Testing, education and background check requirements for individual Mortgage Loan Originators

Policy - Common policies, including the Policy Guidebook for Licensees

Company Licenses	Description	Requirements Checklist
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)	New Application
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)	New Application
Branch Licenses	Description	Requirements Checklist
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)	New Application
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)	New Application