Section 2095.12 - Minimum standards for mortgage broker license renewalA. The minimum standards for license renewal for mortgage brokers shall include the following:1. The mortgage broker continues to meet the minimum standards for license issuance under Section 2095.11 of this title; and2. The mortgage broker has paid all required fees for renewal of the license.B. The license of a mortgage broker 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 paragraph 12 of subsection K of Section 2095.6 of this title for the reinstatement of expired licenses consistent with the standards established by the Nationwide Multistate Licensing System and Registry.Okla. Stat. tit. 59, § 2095.12
Amended by Laws 2024 , c. 218, s. 11, eff. 11/1/2024.Added by Laws 2009 , SB 1062, c. 190, §15, emerg. eff. 7/1/2009.