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Oregon bonds

Oregon — Exempt Company Registration Bond (Mortgage)

Oregon allows an exempt company to provide scale-based bond security for its loan originators. Use this exempt company registration route when it matches your company's mortgage instructions.

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Recorded state
Oregon
Bond type
Mortgage Broker / Lender Bond
Category
Financial services

What this bond does

Provide the company security requested for its associated Oregon originators.

Who needs it
Exempt companies preparing mortgage registration bond security in Oregon.
Who it protects
The requested form identifies the recipient and protected obligations. Registration and bond purchase do not determine exemption eligibility.

Your bond option

This is the option on record for this bond.

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.

Identify the company's originator arrangement

Oregon DFR says an exempt company may provide a bond under the posted scale for all its originators. If it does not, each licensed originator must provide individual security based on that originator's Oregon loan volume.

Prepare the company and originator relationships and the applicable sum. Follow the actual exempt-registration checklist for issuance, execution and delivery rather than assuming the ordinary new-lender minimum applies.

Sources

Have these ready

  1. Exempt company name and NMLS ID.
  2. Associated originators and relevant Oregon volume information.
  3. Registration bond request, required sum and start date.

Questions about this bond

Does the ordinary lender's starting sum apply?

Use the exempt-company instructions and applicable scale. Do not substitute a new licensee minimum without checking the actual request.

Does every originator need a separate purchase?

Oregon describes company security as an alternative to individual originator security. Match the arrangement your company is using.

How do I apply?

Purchase Now opens Propeller in a new tab. Issuance and required delivery follow separately from the registration process.

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