2 Hour OR SAFE: 2026 Continuing Education Online Self-Study Course #18444

By the end of this course, learners will be able to:

• Describe when a company may allow an MLO to originate Oregon Loans.
• Explain Oregon’s restriction on originating for more than one mortgage company at a time.
• Recognize the licensee’s obligation to keep NMLS records up-to-date and respond to deficiencies in a timely manner.
• Know the requirement to retain copies of correspondence with applicants.
• Discuss the use of assumed business names.
• Know Oregon’s Definition of Residential Mortgage Loan and How it Differs from TILA
• Identify the disclosures that are required to be provided in a language other than English
• Describe the limitations of negative amortization loans
• Discuss Oregon’s rate lock disclosure form
• Know that the MLO is required to sign initial and final loan applications
• Explain the requirements for handling of client funds, including  determining when funds are considered trust funds, refund of funds, as well as the manner of deposits and disbursement of trust funds
• Discuss the special disclosure required for reverse mortgage loans
• Demonstrate advertising requirements and prohibitions
• Define dishonest, fraudulent, unfair, and unethical practices and prohibited activities for loan originators. 
• Identify limitations on the use of certification or professional designations for mortgage loan originators. 
• Know that providing financial advice related to a security, such as advice to take a loan against a retirement account for a down payment, requires additional licensure as a broker-dealer or investment advisor representative.
• Discuss prohibited practices under Oregon law.
• Relay potential disciplinary actions for violations of Oregon law.
• Understand disciplinary action procedures. 
• Discuss civil and criminal liability for violations of Oregon law.