# ORS § 86a.112: 86A.112 Licensees to keep records

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T9_C86a_S86a.112

## Section

- **Citation:** ORS § 86a.112
- **Heading:** 86A.112 Licensees to keep records
- **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.112

## Text

(1) A mortgage banker or mortgage broker shall make and keep accounts, correspondence, memoranda, papers, books and other records that the Director of the Department of Consumer and Business Services by rule or order prescribes. The mortgage banker or mortgage broker shall preserve the records for five years unless the director by rule prescribes otherwise. The director may examine the records within or outside this state at any reasonable time or times and may require without subpoena the production of the records at the office of the director as often as is reasonably necessary.

(2) A mortgage banker or mortgage broker shall file financial reports or other information that the director by rule or order requires and shall promptly correct a document filed with the director that is or becomes incomplete or inaccurate in any material respect.

(3) On or before May 1 of each year or on a date the director establishes by rule, a mortgage banker or mortgage broker shall file a report with the director in a form prescribed by the director. The report shall contain information the director requires concerning the mortgage banker’s or mortgage broker’s business and operations related to residential mortgage lending during the preceding calendar year. The information shall include the number and nature of loans originated by mortgage loan originators that the mortgage banker or mortgage broker employed.

(4) The report and any records submitted to the director under this section are exempt from disclosure or production and are confidential as provided under ORS 705.137 (Information that is confidential or not subject to disclosure) .

(5) Notwithstanding the exemption and confidentiality provisions of subsection (4) of this section, the director may abstract information contained in reports submitted under subsection (3) of this section and may make the abstracted information available for public inspection provided that the abstracted information does not identify a particular mortgage banker or mortgage broker as a source of the information. [Formerly 59.860]

Source: Section 86A.112 — Licensees to keep records; inspection; filing financial reports; rules , 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.112. Check the current official text before relying on it. Not legal advice.