Oregon Mortgage Lender License Bond
Chart of Requirements
Oregon requires a surety bond based on loan volume. New licensees must provide a $50,000 bond, while renewal amounts are calculated from the past four quarters' mortgage loan volume. See table below:
| Volume of Oregon mortgage loan originators | Bond Amount | Bond Premium |
| Less than $10 million | $50,000 | $300 per year |
| At least $10 million but less than $25 million | $75,000 | $450 per year |
| At least $25 million but less than $50 million | $100,000 | $600 per year |
| At least $50 million but less than $100 million | $150,000 | $900 per year |
| More than $100 million | $200,000 | $1,200 per year |
| Volume of Oregon mortgage loan originators | Bond Amount | Bond Premium |
| Less than $10 million | $50,000 | $300 per year |
| At least $10 million but less than $25 million | $75,000 | $450 per year |
| At least $25 million but less than $50 million | $100,000 | $600 per year |
| At least $50 million but less than $100 million | $150,000 | $900 per year |
| More than $100 million | $200,000 | $1,200 per year |
Overview
Oregon mortgage lenders are required by the Division of Financial Regulation to maintain a surety bond in an amount between $50,000 and $200,000, depending on the volume of loans closed.
The NNA has secured premiums of $6 per $1,000 in liability for all Oregon mortgage lenders to obtain this bond without a credit check. This bond is designed to provide financial protection for consumers and ensure that mortgage lenders in Oregon adhere to state regulations and ethical standards and fulfill their obligations to borrowers and regulatory authorities.