Oregon § 86A.178 Legislative findings regarding mortgage loan originators; prohibited practice

Oregon Statutes

§ 86A.178 — Legislative findings regarding mortgage loan originators; prohibited practice

Oregon § 86A.178

Vol.2

Title 9Mortgages and Liens

Ch. 086AMortgage Lending

This text of Oregon § 86A.178 (Legislative findings regarding mortgage loan originators; prohibited practice) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 86A.178 (2026).

Text

(1)The Legislative Assembly finds and declares that:

(a)The public interest is served by identifying a mortgage loan originator with a specific mortgage banker or mortgage broker; and

(b)The public must be protected from the conflicts of interest created when a mortgage loan originator is employed by more than one mortgage lender.

(2)A mortgage loan originator may not originate loans for more than one mortgage banker, mortgage broker or other mortgage lender or independent mortgage agency at the same time.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) The Legislative Assembly finds and declares that:
(a) The public interest is served by identifying a mortgage loan originator with a specific mortgage banker or mortgage broker; and
(b) The public must be protected from the conflicts of interest created when a mortgage loan originator is employed by more than one mortgage lender.
(2) A mortgage loan originator may not originate loans for more than one mortgage banker, mortgage broker or other mortgage lender or independent mortgage agency at the same time.