(1) If the Director of the Department of Consumer and Business Services receives a complaint against a loan originator for a violation of ORS 59.967 (2) or 59.971, the director may notify the loan originator and the mortgage banker or mortgage broker employing the loan originator.
(2) The director may investigate a complaint against a loan originator. Upon the conclusion of the investigation, the director shall promptly notify the loan originator and the mortgage banker or mortgage broker employing the loan originator of the director’s proposed determination regarding the complaint.
(3) Any hearing on a complaint must be conducted as provided by rules of the director and pursuant to ORS chapter 183.
(4) If the director determines, after opportunity for hearing, that a complaint is justified, the director shall note the complaint in the records kept pursuant to ORS 59.969 (8). For a violation of ORS 59.967 (2) or 59.971, the director may impose requirements for supervision and remedial education of the loan originator, assess civil penalties against the loan originator as provided in ORS 59.996 or refer the matter for criminal prosecution pursuant to ORS 59.992. [2001 c.952 §7; 2003 c.526 §5]
Section: Previous 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 59.995 NextLast modified: August 7, 2008