Okla. Stat. tit. 59, § 59-2095.12.1
This is the official text of Okla. Stat. tit. 59, § 59-2095.12.1, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Minimum standards for license renewal of mortgage
Official statutory text
lenders.
A. The minimum standards for license renewal for mortgage
lenders shall include the following:
1. The mortgage lender continues to meet the minimum standards
for license issuance under the Oklahoma Secure and Fair Enforcement
for Mortgage Licensing Act; and
2. The mortgage lender has paid all required fees for renewal
of the license.
B. The license of a mortgage lender failing to satisfy the
minimum standards for license renewal shall expire. The
Administrator of Consumer Credit may adopt procedures in addition to
the requirements set forth in paragraph 12 of subsection K of
Section 2095.6 of this title for the reinstatement of expired
Oklahoma Statutes - Title 59. Professions and Occupations Page 1458
licenses consistent with the standards established by the Nationwide
Multistate Licensing System and Registry.
A. The minimum standards for license renewal for mortgage
lenders shall include the following:
1. The mortgage lender continues to meet the minimum standards
for license issuance under the Oklahoma Secure and Fair Enforcement
for Mortgage Licensing Act; and
2. The mortgage lender has paid all required fees for renewal
of the license.
B. The license of a mortgage lender failing to satisfy the
minimum standards for license renewal shall expire. The
Administrator of Consumer Credit may adopt procedures in addition to
the requirements set forth in paragraph 12 of subsection K of
Section 2095.6 of this title for the reinstatement of expired
Oklahoma Statutes - Title 59. Professions and Occupations Page 1458
licenses consistent with the standards established by the Nationwide
Multistate Licensing System and Registry.
Status: in_force · Read it on the official government site
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