Terms Used In Oregon Statutes > Chapter 725 > General Provisions

• Broker or facilitator: means a person that conducts a business in which, for a fee or consideration, the person:

  (A) Processes, receives or accepts for delivery to a lender an application for a consumer finance loan, individually or in conjunction or cooperation with another person;

  (B) Accepts and delivers to a lender all or most of the proceeds of a payment made in connection with a consumer finance loan; or

  (C) Assists in making a consumer finance loan in a material capacity other than as a lender. See Oregon Statutes 725.010

• Consumer finance loan: means a loan or line of credit that is unsecured or secured by personal or real property and that has periodic payments and terms longer than 60 days. See Oregon Statutes 725.010
• Licensee: means a person licensed under this chapter. See Oregon Statutes 725.010
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Mortgage loan: A loan made by a lender to a borrower for the financing of real property. ^{Source: OCC}
• Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
• Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• United States: includes territories, outlying possessions and the District of Columbia. See Oregon Statutes 174.100