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Current as of January 01, 2023 | Updated by FindLaw Staff
(1) An initial license expires one year after the date of issuance unless the Director of the Department of Consumer and Business Services establishes a different expiration date to coordinate with the Nationwide Mortgage Licensing System and Registry.
(2) The director by rule shall establish procedures to renew a license. The rule shall specify the duration of a renewed license.
(3) If there is a change in the partners, directors, officers or persons that occupy similar positions or perform similar functions, or persons that directly or indirectly control a mortgage banker or mortgage broker, written notification of the change must be filed promptly with the director. No fee is required for the notification.
Cite this article: FindLaw.com - Oregon Revised Statutes Mortgages and Liens § 86A.109 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-9-mortgages-and-liens/or-rev-st-sect-86a-109/
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