(1) The Director of the Department of Consumer and Business Services may certify an organization as qualified to approve or provide entry-level training or continuing education curricula and testing for loan originators. The director, by rule, shall establish criteria for certifying an organization under this subsection.
(2) An organization certified by the director to approve or provide loan originator examinations must be experienced in professional test administration.
(3) All loan originator examinations shall be conducted at a secure location to protect the integrity of the testing process.
(4) The director, by rule, may provide for the acceptance or conditional acceptance of continuing education hours completed pursuant to the laws of another state that the director determines provide protection to the public that exceeds or is substantially similar to the protection provided by ORS 59.840 to 59.980. [2001 c.952 §9; 2005 c.97 §3]
Section: Previous 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 59.996 NextLast modified: August 7, 2008