Broker Requirements:

(1) $825 initial licensing fee

(2) $825 renewal licensing fee

(3) $25,000 Surety Bond

(4) Provide 3 yrs experience during last 5 yrs

(5) Provide financials prepared in accordance with GAAP

(6) Maintain "Clients' Trust Account" within the state

(7) $165 each branch location (if licensed initially); if licensed after $247.50 per branch location

(8) $60 for each Loan Officer employed

Loan Officer Requirements:

(1) $60 application fee

(2) 20 hrs continuing education every 2 yrs

(3) Pass approved exam

(4) Fingerprint cards for criminal/background check

Contact Information:

Division of Finance & Corporate Securities of the Oregon Department of Consumer & Business Services

Physical Location:

350 Winter St. NE, Rm. 410

Salem, OR 97301-3881

Mailing addresses:

Forms only:

Department of Consumer & Business Services

Division of Finance and Corporate Securities

PO Box 14480

Salem, OR 97309-0405

Forms with fees:

Fiscal Services Section

Department of Consumer & Business Services

PO Box 14610

Salem, OR 97309-0445

Phone: 503.378.4140 or 503.378.4387

TDD: 503.378.4100

FAX: 503.947.7862

Map of Division of Finance & Corporate Securities of the Oregon Department of Consumer & Business Services: