Okla. Stat. tit. 59, § 59-2095.8
This is the official text of Okla. Stat. tit. 59, § 59-2095.8, 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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Prelicense education requirements - Course approval
Official statutory text
Oklahoma Statutes - Title 59. Professions and Occupations Page 1451
A. In order to meet the prelicensing education requirement
referred to in Section 2095.7 of this title, an individual shall
complete at least twenty (20) hours of education approved in
accordance with subsection B of this section, which shall include at
least:
1. Three (3) hours of federal law and regulations;
2. Three (3) hours of ethics, which shall include instruction
on fraud, consumer protection and fair lending issues;
3. Two (2) hours of training related to lending standards for
the nontraditional mortgage product marketplace; and
4. One (1) hour of Oklahoma law and regulations.
B. For purposes of subsection A of this section, prelicensing
education courses shall be reviewed and approved by the Nationwide
Multistate Licensing System and Registry based upon reasonable
standards. Review and approval of a prelicensing education course
shall include review and approval of the course provider.
C. Nothing in this section shall preclude any prelicensing
education course as approved by the Nationwide Multistate Licensing
System and Registry that is provided by the employer of the
applicant or an entity which is affiliated with the applicant by an
agency contract or any subsidiary or affiliate of such employer or
entity.
D. Prelicensing education may be offered either in a classroom,
online or by any other means approved by the Nationwide Multistate
Licensing System and Registry.
E. The prelicensing education requirements approved by the
Nationwide Multistate Licensing System and Registry in paragraph 1
of subsection A and subsections B and C of this section for any
state shall be accepted as credit towards completion of prelicensing
education requirements in this state.
F. An individual previously licensed pursuant to the Oklahoma
Secure and Fair Enforcement for Mortgage Licensing Act, subsequent
to July 1, 2009, and applying to be licensed again, must prove
completion of all of the continuing education requirements for the
year in which the license was last held.
A. In order to meet the prelicensing education requirement
referred to in Section 2095.7 of this title, an individual shall
complete at least twenty (20) hours of education approved in
accordance with subsection B of this section, which shall include at
least:
1. Three (3) hours of federal law and regulations;
2. Three (3) hours of ethics, which shall include instruction
on fraud, consumer protection and fair lending issues;
3. Two (2) hours of training related to lending standards for
the nontraditional mortgage product marketplace; and
4. One (1) hour of Oklahoma law and regulations.
B. For purposes of subsection A of this section, prelicensing
education courses shall be reviewed and approved by the Nationwide
Multistate Licensing System and Registry based upon reasonable
standards. Review and approval of a prelicensing education course
shall include review and approval of the course provider.
C. Nothing in this section shall preclude any prelicensing
education course as approved by the Nationwide Multistate Licensing
System and Registry that is provided by the employer of the
applicant or an entity which is affiliated with the applicant by an
agency contract or any subsidiary or affiliate of such employer or
entity.
D. Prelicensing education may be offered either in a classroom,
online or by any other means approved by the Nationwide Multistate
Licensing System and Registry.
E. The prelicensing education requirements approved by the
Nationwide Multistate Licensing System and Registry in paragraph 1
of subsection A and subsections B and C of this section for any
state shall be accepted as credit towards completion of prelicensing
education requirements in this state.
F. An individual previously licensed pursuant to the Oklahoma
Secure and Fair Enforcement for Mortgage Licensing Act, subsequent
to July 1, 2009, and applying to be licensed again, must prove
completion of all of the continuing education requirements for the
year in which the license was last held.
Status: in_force · Read it on the official government site
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