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§ 2095.13. Participation in the Nationwide Mortgage Licensing System and Registry

Oklahoma Statutes AnnotatedTitle 59. Professions and Occupations

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 46C-1. Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act
59 Okl.St.Ann. § 2095.13
§ 2095.13. Participation in the Nationwide Mortgage Licensing System and Registry
Currentness
In addition to any other duties imposed upon the Administrator of Consumer Credit by law, the Administrator shall require mortgage brokers, mortgage lenders and mortgage loan originators to be licensed and registered through the Nationwide Mortgage Licensing System and Registry. In order to carry out this requirement, the Administrator is authorized to participate in the Nationwide Mortgage Licensing System and Registry. For this purpose, the Administrator, upon approval of the Commission, may establish requirements by rule as necessary and consistent with this act,1 including but not limited to:
1. Background checks for:
a. criminal history through fingerprint or other databases,
b. civil or administrative records,
c. credit history, or
d. any other information as deemed necessary by the Nationwide Mortgage Licensing System and Registry;
2. The payment of fees to apply for or renew licenses through the Nationwide Mortgage Licensing System and Registry;
3. The setting or resetting as necessary of renewal or reporting dates; and
4. Requirements for amending or surrendering a license or any other such activities as the Administrator deems necessary for participation in the Nationwide Mortgage Licensing System and Registry.

Credits

Laws 2009, c. 190, § 16, eff. July 1, 2009; Laws 2013, c. 98, § 8, eff. Nov. 1, 2013.

Footnotes

1
Title 59, § 2095 et seq.
59 Okl. St. Ann. § 2095.13, OK ST T. 59 § 2095.13
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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