(1) A mortgage banker or mortgage broker shall conduct a criminal records check of each individual who the mortgage banker or mortgage broker employs or intends to employ as a loan originator.
(2) A mortgage banker or mortgage broker shall report to the Director of the Department of Consumer and Business Services the results of each criminal records check conducted under subsection (1) of this section.
(3) The director shall adopt rules:
(a) Necessary for the implementation and administration of criminal records checks required under this section and ORS 59.970; and
(b) Specifying categories of criminal convictions that will prevent a person from acting as a loan originator under ORS 59.971. [2003 c.526 §3]
Section: Previous 59.960 59.962 59.965 59.967 59.969 59.970 59.971 59.972 59.973 59.975 59.977 59.980 59.990 59.991 59.992 NextLast modified: August 7, 2008