Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 895 - STUDENT LOAN SERVICERS
Section 441-895-0015 - Biographical Information Required for Student Loan Servicer License Application
Universal Citation: OR Admin Rules 441-895-0015
Current through Register Vol. 63, No. 9, September 1, 2024
(1) Each of the following persons listed in section (2) of this rule shall submit a Form MU2 to the director of the Department of Consumer and Business Services through the NMLS.
(2) This rule applies to:
(a) Any director, officer or general partner
of a business entity;
(b) A
managing member of a limited liability company;
(c) A person that has a direct or indirect
right to vote 10 percent or more of the securities of a business entity that
have voting rights or the power to sell or cause the sale of 10 percent or more
of any class of a business entity's securities;
(d) A person that has contributed 10 percent
or more to a partnership's capital or has the right to receive a distribution
of 10 percent or more of a partnership's capital or assets upon dissolution;
or
(e) A person that, under the
terms of a contract or because the person has an ownership interest in another
person, has the power to manage or set policies for the other person or
otherwise direct the other person's operations or affairs.
Statutory/Other Authority: Or Laws 2021, ch 651, secs 1-10
Statutes/Other Implemented: Or Laws 2021, ch 651, secs 2-10
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