Okla. Stat. tit. 59, § 59-2095.16: Trust account

A. A mortgage broker or mortgage loan originator shall deposit,

prior to the end of the next business day, all monies received from

borrowers for third-party provider services in a trust account of a

federally insured financial institution. The trust account shall be

designated and maintained for the benefit of borrowers. Monies

maintained in the trust account shall be exempt from execution,

attachment, or garnishment. A mortgage broker or mortgage loan

originator shall not in any way encumber the corpus of the trust

account or commingle any other operating funds with trust account

funds.

B. Withdrawals from the trust account shall be only for the

payment of bona fide services rendered by a third-party provider or

for refunds to borrowers. Any interest earned on the trust account

shall be refunded or credited to the borrowers at closing. Any

monies remaining in the trust account after payment to third-party

providers shall be refunded to the borrower.

C. The mortgage broker or mortgage loan originator shall pay

third-party providers no later than thirty (30) days after

completion of the third-party service.

D. A mortgage broker or mortgage loan originator shall maintain

accurate, current, and readily available records of the trust

account until at least three (3) years have elapsed following the

effective period to which the records relate. The records shall be

subject to audit by the Administrator of Consumer Credit pursuant to

an examination or investigation.

E. The provisions of this section shall not apply to a

depository institution as defined in Section 2095.2 of this title,

its subsidiaries and affiliates or any employee or exclusive agent

thereof.