Course and Package Description
Course
Price
CE Online - Oregon (2 Hours)
Price: $49

2 Hour OR SAFE CE – Oregon State Law

Summary




This 2-hour course covers Oregon law and regulations pertaining to mortgage lending, loan servicing and loan brokering, in addition to rules regarding high-cost home loans.  The following laws will be covered in the course:

•    The Oregon Mortgage Lending Law and Oregon SAFE Act (ORS Chapter 86A)
(https://www.oregonlegislature.gov/bills_laws/ors/ors086A.html)
•    OAR Chapter 441, Divisions 850 through 885
(Division 850:  http://arcweb.sos.state.or.us/pages/rules/oars_400/oar_441/441_850.html)
(Division 860: http://arcweb.sos.state.or.us/pages/rules/oars_400/oar_441/441_860.html)
(Division 865: http://arcweb.sos.state.or.us/pages/rules/oars_400/oar_441/441_865.html)
(Division 870: http://arcweb.sos.state.or.us/pages/rules/oars_400/oar_441/441_870.html)
(Division 875: http://arcweb.sos.state.or.us/pages/rules/oars_400/oar_441/441_875.html)
(Division 880: http://arcweb.sos.state.or.us/pages/rules/oars_400/oar_441/441_880.html)
•    Oregon Mortgage; Trust Deeds (ORS Chapter 86)
(https://www.oregonlegislature.gov/bills_laws/ors/ors086.html)
•    Oregon Mortgage Fraud Prevention Act (ORS 646A.700 – 646A.765)
(https://www.oregonlegislature.gov/bills_laws/ors/ors646A.html)
•    Oregon Identity Theft Protection Act (ORS 646A.600 – 646.628)
(ORS 646A.600 - 646A.760:  https://www.oregonlegislature.gov/bills_laws/ors/ors646A.html)
(ORS 646.010 - 646.628: https://www.oregonlegislature.gov/bills_laws/ors/ors646.html)
•    Interest; Repayment Restrictions (ORS Chapter 82)
(https://www.oregonlegislature.gov/bills_laws/ors/ors082.html)
•    Unlawful Trade Practices Act (ORS 646.605)
(https://www.oregonlegislature.gov/bills_laws/ors/ors646.html)
•    Oregon Real Estate Law (licensing) (ORS 696.010 to ORS 696.020)
(https://www.oregonlegislature.gov/bills_laws/ors/ors696.html)

The course is divided into five sections:
Section 1: Overview and Definitions.  Outlines the purpose and authority of each law and sets forth definitions used throughout both laws.
Section 2: License Maintenance.  Covers the Oregon Mortgage Lending Law, Oregon SAFE Act and Oregon Real Estate Law regarding requirements for renewing and maintaining licenses.
Section 3: Acts and Practices. Covers permissible and prohibited acts and practices with respect to lending and broker activity and usury statutes and guidelines for Clients’ Trust Accounts.
Section 4: Compliance and Consumer Protection. Covers permissible and prohibited fees and charges, disclosures and agreements, advertising and consumer protection requirements.
Section 5: Disciplinary Action. Covers notifications and investigations actions, suspension / revocation of licenses, penalties and fines, and civil and criminal liabilities.

Learning Objectives




Upon successful completion of this course you will have a strong understanding of the laws and regulations specific to mortgage loan originators and lenders in the state of Oregon.