Phil Querin Q&A: Changes in Regulations Dealing with Ability To Sell Formerly Abandoned Homes
Phil Querin Questions & Answers
Answer. Oregon law requires that unless exempted, an individual must use a "mortgage loan originator" ("MLO") [e.g. mortgage bankers or mortgage brokers] license if he/she:
- Takes a residential mortgage loan application; or
- Negotiates the terms or conditions of a residential mortgage loan.