Oregon — Consumer Finance License - NMLS Bond
An Oregon consumer finance company employing mortgage loan originators must arrange an NMLS electronic surety bond of at least $50,000. Confirm that activity and the applicable volume-based requirement rather than assuming every consumer finance license has the same security obligation.
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- Recorded state
- Oregon
- Bond type
- Consumer Finance / Lender Bond
- Category
- Financial services
What this bond does
Arrange the company security applicable to mortgage-originator employment within Oregon consumer finance licensing, alongside the separate application for lending authority.
- Who needs it
- Oregon consumer finance applicants and licensees employing mortgage loan originators, or confirming whether that activity makes the company subject to the electronic-bond requirement.
- Who it protects
- ORS 86A.227 runs the bond to Oregon and covers employed mortgage loan originators. Its right of action follows ORS 86A.151: qualifying mortgage applicants with ascertainable loss from specified violations or material misstatements may have a claim. It is not general insurance for every consumer loan.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Oregon DFR: Consumer Finance (opens in a new tab)Checked October 27, 2026
- Oregon DFR: Consumer Finance Questionnaire—Mortgage Loan Originators (opens in a new tab)Checked October 27, 2026
- Oregon Revised Statutes: ORS86A.227 and86A.151 (opens in a new tab)Checked October 27, 2026
Have these ready
- Identify the actual consumer finance activities and whether the company employs mortgage loan originators.
- Obtain the Division's current electronic-bond form and volume-based amount instructions.
- Match the legal company/NMLS record, covered originators, required sum and dates before paying.
- Complete accepted electronic filing and consumer finance licensing separately.
Questions about this bond
Are the two $50,000 figures the same requirement?
No. The consumer finance page's figure describes the loan-size licensing threshold. The questionnaire separately states a $50,000 minimum electronic bond for companies employing mortgage loan originators.
Does every non-mortgage consumer finance company need this originator security?
The questionnaire ties this electronic-bond requirement to employing mortgage loan originators. Confirm the company's actual activities and the Division's request rather than assuming a universal mandate.
Does the minimum cover any origination volume?
No. ORS 86A.227 requires the amount to reflect loan volume or the specified minimum. Match the current rule and Division instructions for the company.
Will any consumer complaint qualify under this bond?
No. The cited right of action concerns qualifying mortgage applicants and the ascertainable losses and specified conduct in ORS 86A.151. It is not blanket protection against every unpaid loan or business loss.