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Mortgage Loan Originator
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 on Title 160: Department of Consumer Credit)
DESCRIPTION: A mortgage loan originator is any individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application or offers, negotiates or modifies the terms of a residential mortgage loan.
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.