Oregon has added a specific deadline for surety bond renewals for consumer finance companies that employ MLOs. Previously, the surety bond renewal was required to take place annually and concurrently with the license renewal of any MLO employed by the consumer finance company. Oregon recently added further clarification on this requirement. Now, in addition to annual and concurrent renewal, the corporate surety bond must be delivered to the Director of the Department of Consumer and Business Services by December 1 of each calendar year. Such surety bonds can be made effective as of December 31 of each calendar year. This rule was certified to be effective on August 1, 2012.