Oklahoma amends SAFE Act licensing provisions
By EsqSocial Corporation 07/05/24
On April 29, Oklahoma enacted SB 1492 (the “Act”) which will amend the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act by, among others, expanding the definition of “mortgage broker” to include servicing a residential mortgage, defining “servicing” to include holding servicing rights, as well as significantly adjusting fees and annual assessments for licensees....
By: Orrick, Herrington & Sutcliffe LLP