Oklahoma Administrative Code
Title 160 - Department of Consumer Credit
Chapter 55 - Mortgage Brokers and Mortgage Loan Originators
Subchapter 3 - Licensing
Section 160:55-3-3.1 - Inactive status
Current through Vol. 41, No. 13, March 15, 2024
(a) Renewal through NMLS&R. A licensee that wishes to be placed on an inactive license status in accordance with the SAFE Act must renew the applicable license through NMLS&R and pay the required license renewal fees.
(b) Notification to the Administrator. After renewing the applicable license through NMLS&R, a licensee must notify the Administrator in writing of the inactive license status request. The Administrator shall place the applicable license on an inactive license status upon a request in writing and issue a refund for any license renewal fees paid in excess of the inactive license status fee.
Added at 16 Ok Reg 2170, eff 6-25-99; Amended at 17 Ok Reg 1589, eff 5-25-00; Amended at 20 Ok Reg 2750, eff 7-1-03 (emergency); Amended at 21 Ok Reg 2698, eff 7-12-04; Amended at 27 Ok Reg 1763, eff 7-1-10