Okla. Stat. tit. 59, § 59-2095.3
This is the official text of Okla. Stat. tit. 59, § 59-2095.3, 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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Exemptions
Official statutory text
The following are exempt from all provisions of the Oklahoma
Secure and Fair Enforcement for Mortgage Licensing Act:
1. Registered mortgage loan originators, when acting for an
entity described in divisions (1), (2) and (3) of subparagraph a of
paragraph 19 of Section 2095.2 of this title;
2. An individual who offers or negotiates or modifies terms of
a residential mortgage loan with or on behalf of an immediate family
member of the individual;
3. An individual who offers or negotiates or modifies terms of
a residential mortgage loan secured by a dwelling that served as the
individual’s residence;
4. A licensed attorney who negotiates or modifies the terms of
a residential mortgage loan on behalf of a client as an ancillary
matter to the attorney’s representation of the client, unless the
attorney is compensated by a lender, a mortgage broker or other
Oklahoma Statutes - Title 59. Professions and Occupations Page 1444
mortgage loan originator or by any agent of such lender, mortgage
broker, or other mortgage loan originator;
5. Entities described in divisions (1), (2) and (3) of
subparagraph a of paragraph 19 of Section 2095.2 of this title; or
6. Any entity that is an organization recognized by the
Internal Revenue Service as a 501(c)(3) charitable entity that meets
the conditions set forth in (B) through (F) of subparagraph (ii),
paragraph (7), subsection (e) of Section 1008.103 of Title 12 of the
Code of Federal Regulations.
Secure and Fair Enforcement for Mortgage Licensing Act:
1. Registered mortgage loan originators, when acting for an
entity described in divisions (1), (2) and (3) of subparagraph a of
paragraph 19 of Section 2095.2 of this title;
2. An individual who offers or negotiates or modifies terms of
a residential mortgage loan with or on behalf of an immediate family
member of the individual;
3. An individual who offers or negotiates or modifies terms of
a residential mortgage loan secured by a dwelling that served as the
individual’s residence;
4. A licensed attorney who negotiates or modifies the terms of
a residential mortgage loan on behalf of a client as an ancillary
matter to the attorney’s representation of the client, unless the
attorney is compensated by a lender, a mortgage broker or other
Oklahoma Statutes - Title 59. Professions and Occupations Page 1444
mortgage loan originator or by any agent of such lender, mortgage
broker, or other mortgage loan originator;
5. Entities described in divisions (1), (2) and (3) of
subparagraph a of paragraph 19 of Section 2095.2 of this title; or
6. Any entity that is an organization recognized by the
Internal Revenue Service as a 501(c)(3) charitable entity that meets
the conditions set forth in (B) through (F) of subparagraph (ii),
paragraph (7), subsection (e) of Section 1008.103 of Title 12 of the
Code of Federal Regulations.
Status: in_force · Read it on the official government site
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