Action against applicant or licensee for act or omission of associate
- • exception
The Director of the Department of Consumer and Business Services may enter an order against the applicant or licensee under ORS 86A.115 (Grounds for denying, suspending, conditioning or revoking license) if any partner, officer or director of a mortgage banker or mortgage broker, any person occupying a similar status or performing similar functions, or any person directly or indirectly controlling the mortgage banker or mortgage broker has been guilty of any act or omission which would be cause for denying, suspending or revoking the license of an individual mortgage banker or mortgage broker. This section shall not apply to ORS 86A.115 (Grounds for denying, suspending, conditioning or revoking license) (1). [Formerly 59.870]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.