Or. Admin. R. 441-065-0250

Current through Register Vol. 63, No. 8, August 1, 2024

Section 441-065-0250 - Definitions

The following definitions are adopted for the purpose of this Division:

(1) An "agency transaction" is defined as a transaction in securities where one person acts for the account of another person.

(2) A "generic registration" of securities is defined as a registration procedure where a variety and series of securities to be offered is registered based on a gross dollar volume.

(3) A "participation" or "fractional interest" is defined as a transaction where several investors are given an interest in a single mortgage, trust deed, or single land sales contract. This is sometimes referred to as a "split."

(4) A "pooled investment or interest" is defined as a transaction where the investor is given a partial interest along with other investors, in more than one mortgage, trust deed, or land sales contract.

(5) A "principal transaction" is defined as a transaction in mortgage broker securities where a person sells or deals for the person's own account or for the account of an affiliate, officer, director or person holding a similar position with the principal.

Or. Admin. R. 441-065-0250

CC 6-1981(Temp), f. 10-27-81, ef. 11-2-81; CC 2-1982, f. 1-18-82, ef. 2-1-82; FCS 8-1987(Temp), f. 9-24-87, ef. 9-28-87; FCS 7-1988, f. 3-22-88, cert. ef. 3-25-88; Renumbered from 815-037-0005

Stat. Auth.: ORS 59

Stats. Implemented: ORS 59.065