Broker Requirements:

(1) $750 application fee

(2) $150 exam fee and exam

(3) $100 initial license fee (valid for 1 yr)

(4) Provide proof of a "Trust Account" in an Oklahoma federally insured bank

(5) Financial statements (within 30 days)

(6) Proof of 3 yrs experience in residential mortgage (continuous within last 5 yrs)

(7) Maintain principal place of business within the state

Loan Officer Requirements:

(1) $50 licensing fee

(2) $50 yearly renewal fee

(3) $150 test fee (if applicable)

(4) Must be 18 yrs

(5) US citizenORlawfully admitted alien, having at least 18 months of experience as a mortgage loan originator

(6) Pass mortgage loan originator test

(7) Must have convictions of crime related to the occupation of a mortgage loan originator

Contact Information:

Oklahoma Department of Consumer Credit

4545 North Lincoln Boulevard, Suite 104

Oklahoma City, Oklahoma 73105-3408

Phone: 405.521.3653

Fax: 405.521.6740

Broker Licesning, Karen Banks: 405.522.4660

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Loan Officer Licensing, Jessica Mayes: 405.522.3736

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Website: www.okdocc.state.ok.us

Map of Oklahoma Department of Consumer Credit: