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§ 2095.3. Exemptions

Oklahoma Statutes AnnotatedTitle 59. Professions and OccupationsEffective: November 1, 2021

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 46C-1. Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act
Effective: November 1, 2021
59 Okl.St.Ann. § 2095.3
§ 2095.3. Exemptions
Currentness
The following are exempt from all provisions of the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act:
1. Registered mortgage loan originators, when acting for an entity described in divisions (1), (2) and (3) of subparagraph a of paragraph 18 of Section 2095.2 of this title;
2. An individual who offers or negotiates or modifies terms of a residential mortgage loan with or on behalf of an immediate family member of the individual;
3. An individual who offers or negotiates or modifies terms of a residential mortgage loan secured by a dwelling that served as the individual's residence;
4. A licensed attorney who negotiates or modifies the terms of a residential mortgage loan on behalf of a client as an ancillary matter to the attorney's representation of the client, unless the attorney is compensated by a lender, a mortgage broker or other mortgage loan originator or by any agent of such lender, mortgage broker, or other mortgage loan originator;
5. Entities described in divisions (1), (2) and (3) of subparagraph a of paragraph 18 of Section 2095.2 of this title; or
6. Any entity that is an organization recognized by the Internal Revenue Service as a 501(c)(3) charitable entity that meets the conditions set forth in (B) through (F) of subparagraph (ii), paragraph (7), subsection (e) of Section 1008.103 of Title 12 of the Code of Federal Regulations.

Credits

Laws 2009, c. 190, § 6, eff. July 1, 2009; Laws 2010, c. 415, § 25, eff. July 1, 2010; Laws 2015, c. 320, § 2, eff. Nov. 1, 2015; Laws 2021, c. 151, § 1, eff. Nov. 1, 2021.
59 Okl. St. Ann. § 2095.3, OK ST T. 59 § 2095.3
Current with emergency effective legislation through Chapter 347 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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