Oklahoma Statutes (Last Updated: September 18, 2014)

§ 59-2095.10. Minimum standards for mortgage loan originator license renewal.

Latest version.

A. The minimum standards for license renewal for mortgage loan originators shall include the following:

1. The mortgage loan originator continues to meet the minimum standards for license issuance under Section 10 of this act;

2. The mortgage loan originator has satisfied the annual continuing education requirements described in Section 24 of this act; and

3. The mortgage loan originator has paid all required fees for renewal of the license.

B. The license of a mortgage loan originator failing to satisfy the minimum standards for license renewal shall expire. The Administrator of Consumer Credit may adopt procedures in addition to the requirements of Section 9 of this act for the reinstatement of expired licenses consistent with the standards established by the Nationwide Mortgage Licensing System and Registry.

Added by Laws 2009, c. 190, § 13, eff. July 1, 2009.

                    
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