OK SB1913

Exempts depository institutions described in Section 2095.2 (banks, credit unions, and similar entities) from all provisions of the Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act

Requires mortgage loan originator license applicants to be sponsored by a licensed mortgage banker as a new condition for licensure

Removes the requirement that mortgage broker/originator trust accounts for third-party provider services be located within Oklahoma, allowing accounts at any federally insured financial institution

Repeals Section 2093 of Title 59, which related to continuing education requirements for mortgage loan originators and brokers

Effective date of July 1, 2010, with an emergency clause for immediate implementation upon passage and approval