(1) A person employed by a mortgage banker or mortgage broker as a loan originator may not:
(a) Engage in dishonest, fraudulent or illegal practices or conduct in any business or profession or engage in unfair or unethical practices or conduct in connection with the mortgage business.
(b) Willfully or repeatedly violate or fail to comply with a provision of ORS 59.840 to 59.980 or a rule or order of the Director of the Department of Consumer and Business Services.
(c) Fail to account to persons interested for all money or property received in connection with a mortgage loan.
(d) Fail to meet the training, education or continuing education requirements for loan originators.
(2) A person may not be employed by a mortgage banker or mortgage broker as a loan originator as defined in ORS 59.840 or 59.970 if the person has been convicted of any crime or category of crime specified by the director by rule. [2001 c.952 §6; 2003 c.526 §6]
Section: Previous 59.955 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 NextLast modified: August 7, 2008