# ORS § 86a.103: 86A.103 License required to engage in residential mortgage transactions as mortgage banker or mortgage broker

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.103

## Section

- **Citation:** ORS § 86a.103
- **Heading:** 86A.103 License required to engage in residential mortgage transactions as mortgage banker or mortgage broker
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 9 / Chapter 86a / Section 86a.103

## Text

(1) It is unlawful for any person to engage in residential mortgage transactions in this state as a mortgage banker or mortgage broker unless the person is licensed under ORS 86A.095 (Short title) to 86A.198 (Materials in languages other than English) . A person who is a mortgage banker or mortgage broker under ORS 86A.100 (Definitions) , but who does not engage in residential mortgage transactions in this state, is not required to obtain a license under ORS 86A.095 (Short title) to 86A.198 (Materials in languages other than English) .

(2) For purposes of this section, a person “engages in residential mortgage transactions in this state” when any act constituting the business of a mortgage banker or mortgage broker and involving a residential mortgage transaction originates from this state or is directed to and received in this state or when the real estate that is the subject of the activities of the mortgage banker or mortgage broker is located in this state. [Formerly 59.845]

Source: Section 86A.103 — License required to engage in residential mortgage transactions as mortgage banker or mortgage broker , https://www.­oregonlegislature.­gov/bills_laws/ors/ors86A.­html (accessed May 26, 2025).

## Nearby sections

- [ORS § 86a.095 86A.095 Short title](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.095.md)
- [ORS § 86a.100 86A.100 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.100.md)
- [ORS § 86a.103 86A.103 License required to engage in residential mortgage transactions as mortgage banker or mortgage broker](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.103.md)
- [ORS § 86a.106 86A.106 Procedures for licensing](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.106.md)
- [ORS § 86a.109 86A.109 Expiration of initial license](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.109.md)
- [ORS § 86a.112 86A.112 Licensees to keep records](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.112.md)
- [ORS § 86a.115 86A.115 Grounds for denying, suspending, conditioning or revoking license](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.115.md)
- [ORS § 86a.118 86A.118 Action against applicant or licensee for act or omission of associate](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.118.md)
- [ORS § 86a.121 86A.121 Cancellation of license or application](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.121.md)
- [ORS § 86a.124 86A.124 Supervisory authority of director over mortgage bankers, mortgage brokers and mortgage loan originators](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.124.md)
- [ORS § 86a.127 86A.127 Investigations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.127.md)
- [ORS § 86a.130 86A.130 Enjoining violations](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.130.md)
- [ORS § 86a.133 86A.133 Procedures where assets or capital of mortgage banker or mortgage broker found impaired](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.133.md)
- [ORS § 86a.136 86A.136 Rules](https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.136.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.103. Check the current official text before relying on it. Not legal advice.