Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 895 - STUDENT LOAN SERVICERS
Section 441-895-0075 - Annual Financial Statements

Universal Citation: OR Admin Rules 441-895-0075

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

(1) Licensees shall submit 90 days after the end of their fiscal year, a copy of the licensee's most recent consolidated annual financial statement annual financial statements must include a balance sheet, statement of income or loss, statement of changes in shareholder equity and statement of changes in financial position.

(2) In the case of a licensee that is a wholly owned subsidiary of another corporation, the consolidated audited annual financial statement of the parent corporation may be filed in lieu of the licensee's audited annual financial statement.

(3) The financial statements may be prepared by the licensee, except that if the director finds in the public interest, the director may require that a licensee submit financial statements prepared by an independent accountant.

(4) Financial statements shall be submitted through the NMLS.

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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