Okla. Stat. tit. 59, § 59-2095.12.1: Minimum standards for license renewal of mortgage

lenders.

A. The minimum standards for license renewal for mortgage

lenders shall include the following:

1. The mortgage lender continues to meet the minimum standards

for license issuance under the Oklahoma Secure and Fair Enforcement

for Mortgage Licensing Act; and

2. The mortgage lender has paid all required fees for renewal

of the license.

B. The license of a mortgage lender failing to satisfy the

minimum standards for license renewal shall expire. The

Administrator of Consumer Credit may adopt procedures in addition to

the requirements set forth in 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.