Okla. Stat. tit. 59, § 59-2095.13
This is the official text of Okla. Stat. tit. 59, § 59-2095.13, 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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Participation in the Nationwide Mortgage Licensing
Official statutory text
System and Registry.
In addition to any other duties imposed upon the Administrator
of Consumer Credit by law, the Administrator shall require mortgage
brokers, mortgage lenders and mortgage loan originators to be
licensed and registered through the Nationwide Multistate Licensing
System and Registry. In order to carry out this requirement, the
Administrator is authorized to participate in the Nationwide
Multistate Licensing System and Registry. For this purpose, the
Administrator, upon approval of the Commission on Consumer Credit,
may establish requirements by rule as necessary and consistent with
the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act,
including but not limited to:
1. Background checks for:
a. criminal history through fingerprint or other
databases,
b. civil or administrative records,
c. credit history, or
d. any other information as deemed necessary by the
Nationwide Multistate Licensing System and Registry;
2. The payment of fees to apply for or renew licenses through
the Nationwide Multistate Licensing System and Registry;
3. The setting or resetting as necessary of renewal or
reporting dates; and
4. Requirements for amending or surrendering a license or any
other such activities as the Administrator deems necessary for
participation in the Nationwide Multistate Licensing System and
Registry.
In addition to any other duties imposed upon the Administrator
of Consumer Credit by law, the Administrator shall require mortgage
brokers, mortgage lenders and mortgage loan originators to be
licensed and registered through the Nationwide Multistate Licensing
System and Registry. In order to carry out this requirement, the
Administrator is authorized to participate in the Nationwide
Multistate Licensing System and Registry. For this purpose, the
Administrator, upon approval of the Commission on Consumer Credit,
may establish requirements by rule as necessary and consistent with
the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act,
including but not limited to:
1. Background checks for:
a. criminal history through fingerprint or other
databases,
b. civil or administrative records,
c. credit history, or
d. any other information as deemed necessary by the
Nationwide Multistate Licensing System and Registry;
2. The payment of fees to apply for or renew licenses through
the Nationwide Multistate Licensing System and Registry;
3. The setting or resetting as necessary of renewal or
reporting dates; and
4. Requirements for amending or surrendering a license or any
other such activities as the Administrator deems necessary for
participation in the Nationwide Multistate Licensing System and
Registry.
Status: in_force · Read it on the official government site
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