1 Hour OK SAFE Review of Oklahoma Mortgage Law (OIL)

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1 Credit Hour


1 Hour OK SAFE Review of Oklahoma Mortgage Law provides a review of the laws that impact mortgage activities in Oklahoma. In Module 1, students will review the Oklahoma S.A.F.E. Act, specifically the individuals and entities which must be licensed pursuant to the law and the process of obtaining a license. Students will also review requirements associated with maintaining a license, including annual renewal and required notifications. In Module 2, students will continue to review the Oklahoma S.A.F.E. Act, including required and prohibited conduct for licensees, as well as disciplinary action that may be taken against licensees for violations of the law. Finally, students will take a look at the Oklahoma Consumer Credit Code, including its applicability to mortgage loans. In addition, students will review a Discussion Scenario after each Module of the course in order to enhance their understanding of the concepts presented. This course meets the 1-hour Oklahoma-specific pre-licensing education requirement for loan originators and offers a thorough review of the information and laws that license applicants must understand in order to make, broker, or originate loans in compliance with Oklahoma law.

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