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

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.