Or. Admin. R. 863-049-0010

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

Section 863-049-0010 - Initial License Application Form and Content

(1) An applicant for an escrow agent's license may be either a legal entity or an individual, but the requirements for each are slightly different. All applicants must submit:

(a) An initial license application on an Agency-approved form;

(b) Additional information required by OAR 863-049-0015 for legal entities or OAR 863-049-0020 for individuals;

(c) The information required by OAR 863-049-0025 concerning criminal records checks and fingerprint cards; and

(d) The fees authorized by ORS 696.530 and OAR 863-005-0090.

(2) The application form for all applicants must contain the following information:

(a) The applicant's legal name;

(b) The assumed business name, if any, as registered with Oregon Secretary of State;

(c) The applicant's Federal Tax ID Number;

(d) The applicant's fiscal year end;

(e) The applicant's main office address, phone number, FAX number, and if applicable, Web site address;

(f) If the applicant has any branch offices, the address, phone number, and FAX number of such offices;

(g) The authorized contact for the applicant, including the individual's name, title, address, phone number and, if applicable, e-mail address and FAX number;

(h) The name, title, date, and signature of the individual authorized to submit the application and a certification that this individual is so authorized; and

(i) For a legal entity, the application form must also contain the names of the following:

(A) Any individual or legal entity holding an ownership interest in the escrow agent of more than five percent,

(B) All corporate officers in charge of escrow operations, and

(C) All individuals in charge of escrow operations.

Or. Admin. R. 863-049-0010

REA 1-2009, f. 12-15-09, cert. ef. 1-1-10

Stat. Auth.: ORS 696.541

Stats. Implemented: ORS 696.511