On May 14, 2026, OKL LEG reported bill became law without governor's signature.
On May 6, OKL LEG passed bill re secure and fair mortgage licensing.
OKL LEG passed bill SB1061 Secure and Fair Enforcement for Mortgage Licensing Act.
Bill Provisions
The bill will amend OKL LEG 59-2095.6 which relates to licensing and to registration.
Establishes license renewal fee; and updates statutory references, statutory language.
As used in this section, the term Originated is intended to mean the loans closed in the name of the mortgage broker or of the mortgage lender, not to include brokered loans.
Legislative History
On Feb. 3, 2026, bill introduced in the Senate; on Mar. 11, 2026 bill passed Senate.
On Mar. 12, 2026, bill introduced in the House; on May 6, 2026, bill passed House.
Effectiveness
This act shall become effective Nov. 1, 2026.
May 14, 2026 OKL LEG Bill Became Law
On May 14, 2026, OKL LEG reported bill became law without governor's signature.
Regulators
OKL LEG
Entity Types
Corp; MG Orig
Reference
Act, 5/14/2026; Bill, SB1061, 5/6/2026; Citation: OKL LEG 59-2095.6;
