You must complete 20 hours of education and a proctored exam prior to originating loans in Oregon. Go to www.financialstrategies.com/affiliate/8c812f to sign up for the Online - Essentials of Oregon 20hr Mortgage Education (Initial) course.

Loan Originator Continuing Education

Loan Originators must complete 20 hours of continuing education every two years after the initial education. Go to www.financialstrategies.com/affiliate/8c812f and order the Online - Oregon State Law (20hr Essentials Supplement) Course. You may also complete the live course, but Direct Lender recommends the online format.

Branch Licensing

Send us a check request for $247.50.

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Initial Disclosures

Oregon Collateral Protection Insurance Notice

Oregon Escrow Account Notice -No Interest Paid

Oregon Escrow Account Option Notice

Oregon Fee Agreement

Oregon Hazard Insurance Notice

Oregon Late Charge Notice

Oregon Notice of No Oral Agreements

Final Disclosures

Coming Soon

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No state-specific restrictions.

Refer to Section 32 under Federal Requirements.

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PPP period may not exceed 5 years

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Prohibited Fees

No state-specific restrictions.

Late Charge Fees

Maximum 5% of principal and interest after 15 days.

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Funding Settlement

Wet State

Borrower Signing Requirements

Unconditional loan approval must be issued prior to signing loan docs. Spouse customarily signs security documents.

Closing Customs

Coming Soon

Real Estate Taxes

Taxes are due November 1st.
Taxes are delinquent on November 16th.

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Advertising Record Retention

Coming Soon

Advertising Representation

Coming Soon

Telemarketing

Coming Soon

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Disclaimer:
This information is tailored for DirectLender. It is deemed reliable but not guaranteed. It is not intended as legal advice, and should not be relied upon as such. The laws, policies, and references cited change periodically.