The Oregon Division of Finance and Corporate Securities has published updates to their “Interest Rate Lock/Float Agreement” on their website at: https://dfr.oregon.gov/business/licensing/financial/Pages/applications-forms-reports.aspx. This document complies with the provisions of Or. Rev. Stat. Ann. § 86A.115(2), Or. Admin. R. 441-870-0030(2), Or. Admin. R. 441-850-0005(23) & 441-865-0060(1)(c). This is the model for our OR Float or Lock Agreement, Cx4297. In accordance with the published changes, we are updating Cx4297. The changes include minor text and formatting edits and the addition of lines next to the lock/ float options for the borrower to initial their choice. For brokers (18205 Lender Is A Broker = Yes), Cx4297 will also now print a new header which includes the state seal and the following contact information:
Oregon Department of Consumer and Business Services Division of Financial Regulation
350 Winter St. NE, Room 410, Salem Oregon 97301-3881
Mailing address: P.O. Box 14480, Salem, OR 97309-0405
For brokers the new revision date and the Stamp for the Division of Financial Regulation also prints in the footer.
These changes will be in effect on August 12, 2022. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.