Oklahoma § 59-2095.3 - Exemptions
Full text of Oklahoma Oklahoma Statutes § 59-2095.3 — Exemptions, with citation guidance and answers to common questions.
§ 59-2095.3. Exemptions
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 19 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
Oklahoma Statutes - Title 59. Professions and Occupations
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 19 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.
Added by Laws 2009, c. 190, § 6, eff. July 1, 2009. Amended by 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; Laws 2024,
c. 218, § 2, eff. Nov. 1, 2024.
Frequently Asked Questions About Oklahoma § 59-2095.3
What does Oklahoma Statutes § 59-2095.3 cover?
Section 59-2095.3 ("Exemptions") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 59-2095.3?
A common citation format is "Oklahoma Statutes § 59-2095.3" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 59-2095.3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.