Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 895 - STUDENT LOAN SERVICERS
Section 441-895-0025 - Branch Office Licensing

Universal Citation: OR Admin Rules 441-895-0025

Current through Register Vol. 63, No. 9, September 1, 2024

(1) If a licensee intends to operate a branch office from which it will service Oregon loans or that will be located in Oregon, the licensee shall obtain a license for the branch office prior to servicing loans from the branch office by submitting the licensing fee specified in OAR 441-895-0045 and submitting a Form MU3 to the NMLS.

(2) Upon satisfaction of the requirements listed in section (1) if the company's license is in good standing and the director is satisfied that the branch application is complete, the director shall issue a separate branch office license.

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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