Mortgage loan originator criminal records checks
- • rules
(1) A person that employs or intends to employ an individual as a mortgage loan originator shall conduct a state criminal records check of the individual.
(2) A person that employs or intends to employ an individual as a mortgage loan originator shall report to the Director of the Department of Consumer and Business Services the results of each state criminal records check conducted under subsection (1) of this section.
(3) The director shall adopt rules to:
(a) Implement and administer state criminal records checks required under this section; and
(b) Specify crimes and categories of crimes for which a conviction will prevent a person from acting as a mortgage loan originator under ORS 86A.183 (Prohibited conduct for mortgage bankers, mortgage brokers and mortgage loan originators). [Formerly 59.972]
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