Coast Security Mortgage Corp. v. Real Estate Agency

Petitioner seeks judicial review of a contested case proceeding in which the Real Estate Agency found that, in 47 separate instances, petitioner had acted in the capacity of an escrow agent without being licensed to do so. Based on that finding, the Agency ordered petitioner to pay $23,100 in civil penalties. We affirm.

The Agency made the following findings of fact, based on the parties’ stipulation. Petitioner is a mortgage broker and is not licensed to conduct escrow activity in Oregon. At the time of the activities at issue, Jeff Paget was employed by petitioner. Paget does not hold a…