OK HB1883

Establishes a flat $1,000 annual renewal fee for mortgage broker licenses, separating them from mortgage lenders who pay variable assessment fees based on loan volume

Mortgage lender annual assessment fees remain calculated at 0.008% of dollar volume of loans originated and serviced for Oklahoma residential properties

Sets tiered maximum caps on mortgage lender assessment fees through November 2027, with the servicing portion cap increasing from $17,500 (2024) to $40,000 (2027)

Maintains minimum annual assessment fee of $1,000 and maximum of $40,000 for the loan origination portion across all years

Effective date: November 1, 2025