OAR 441-895-0055: Assessments

(1) Each licensee must pay an annual assessment, representing the licensee's pro rata share of all costs and expenses incurred by the department to run the Student Loan Servicing Program. A licensee's pro rata share is the proportion that a licensee's servicing activities in Oregon bears to total costs and expenses, after deducting the licensing fee for each licensed location. A licensee's servicing activities in Oregon is the percentage which the number of borrowers serviced in Oregon by the licensee bears to the total number of borrowers serviced by all licensees in Oregon. (2) Assessment payments will be due October 31 and will be based upon information contained in the annual report outlined in OAR 441-895-0050, except that the first assessment due for businesses licensed in 2022 shall be based on information submitted during initial licensure. (3) Assessments will be paid through NMLS.