Oklahoma Exempts Charitable Entities From Mortgage Licensing Provisions

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Ballard Spahr LLP

Contributor

Ballard Spahr LLP
The amendment will become effective on November 1, 2021.
United States Finance and Banking
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Oklahoma recently revised its licensing provisions under its Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) to expressly exempt 501(c)(3) charitable entities meeting certain conditions from the SAFE Act mortgage licensing requirements.

The amendment will become effective on November 1, 2021.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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