STATUTES & RULES: Title 59 O.S. §§ 2095 - 2095.26 - Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act
Oklahoma Administrative Code: Title 160, Chapter 55 (Click link and select "VIEW CODE", then Title 160 Department of Consumer Credit)
DESCRIPTION: A mortgage lender is an entity that takes an application for a residential mortgage loan, makes a residential mortgage loan or services a residential mortgage loan and is an approved or authorized mortgagee with direct endorsement underwriting authority granted by the United States Department of Housing and Urban Development, seller or servicer of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, or issuer for the Government National Mortgage Association
TIME FRAME TO ISSUE: The approval process allows this license to be issued within 60 days after we receive the complete application and all fees.
LICENSING PERIOD: This license is valid for one year, beginning on January 1st
LICENSING RENEWAL: This license may be renewed by submitting renewal documentation through NMLS before December 1st of each year.
Please visit the NMLS Resource Center to download the applicable checklists for this license. Once on the NMLS Resource center homepage you will select State Licensing then Oklahoma to download the checklists.