Surety bond requirements

If the company is a brand new licensee in Oregon, the compnay must provide a surety bond in the amount of $50,000. Following the filing of the company's first annual report, each license renewal period the amount of the corporate surety bond must be calculated based on the dollar amount of the Oregon residential mortgage loans listed in the previous year's annual report using the following scale:

Volume of Oregon mortgage loan originators	Bond amount
less than $10 million	$50,000
at least $10 million but less than $25 million	$75,000
at least $25 million but less than $50 million	$100,000
at least $50 million but less than $100 million	$150,000
more than $100,000	$200,000