Oklahoma legislation · 2026 Regular Session
Oklahoma SB1061: Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act; defining term. Effective date.
Status: Chaptered, May 14, 2026
What the bill says
An Act relating to the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act; amending 59 O.S. 2021, Section 2095.6, as amended by Section 4, Chapter 218, O.S.L. 2024 (59 O.S. Supp. 2025, Section 2095.6), which relates to license and registration; defining term; establishing certain license renewal fee; updating statutory references; updating statutory language; and providing an effective date. SUBJECT: Mortgage licensing.
From the enrolled text, May 7, 2026:
An Act relating to the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act; amending 59 O.S. 2021, Section 2095.6, as amended by Section 4, Chapter 218, O.S.L. 2024 (59 O.S. Supp. 2025, Section 2095.6), which relates to license and registration; defining term; establishing certain license renewal fee; updating statutory references; updating statutory language; and providing an effective date. SUBJECT: Mortgage licensing SECTION 1. AMENDATORY 59 O.S. 2021, Section 2095.6, as amended by Section 4, Chapter 218, O.S.L. 2024 (59 O.S. Supp. 2025, Section 2095.6), is amended to read as follows: Section 2095.6. A. As used in this section, "originated" means loans closed in the name of the mortgage broker or mortgage lender, and shall not include brokered loans. B. Applicants for a license shall apply on a form as prescribed by the Administrator of Consumer Credit. B. C. In order to fulfill the purposes of the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act, the Administrator is authorized to establish relationships or contracts with the Nationwide Multistate Licensing System and Registry or other entities designated by the Nationwide Multistate Licensing System and Registry to collect and maintain records and process transaction fees or other fees related to licensees or other entities or individuals subject to the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act. C. D. In …
Sponsors
- Aaron Reinhardt (R, SD-037) · primary sponsor
Latest actions
- : Becomes law without Governor's signature 05/14/2026
- : Sent to Governor
- : Enrolled, to House
- : Referred for enrollment
- : Signed, returned to Senate
- : Third Reading, Measure passed: Ayes: 88 Nays: 3
- : General Order
- : CR; Do Pass Commerce and Economic Development Oversight Committee
- : Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Business
- : Referred to Business
Votes
- Third Reading (May 6, 2026): 88 yea, 3 nay, passed
- Floor Vote (April 14, 2026): 13 yea, 1 nay, passed
- Floor Vote (March 31, 2026): 11 yea, 0 nay, passed
- Third Reading (March 11, 2026): 38 yea, 0 nay, passed
- Senate Business & Insurance Committee (February 19, 2026): 9 yea, 0 nay, passed
Common questions
- What is SB1061?
- SB1061 is a bill in the Oklahoma Legislature (2026 Regular Session): Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act; defining term. Effective date.
- What does SB1061 do?
- In its own words: An Act relating to the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act; amending 59 O.S. 2021, Section 2095.6, as amended by Section 4, Chapter 218, O.S.L. 2024 (59 O.S. Supp. 2025, Section 2095.6), which relates to license and registration; defining term; establishing certain license renewal fee; updating statutory references; updating statutory language; and providing an effective date. SUBJECT: Mortgage licensing.
- What is the status of SB1061?
- Chaptered as of May 14, 2026. Latest action: Becomes law without Governor's signature 05/14/2026 (May 14, 2026).
- Who sponsored SB1061?
- Aaron Reinhardt (R, SD-037).
- Where is the official record for SB1061?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB1061&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.