| Oklahoma Summary |
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Originator Licensing
All individuals
originating loans in Oklahoma must be w-2 employees of Direct Lender.
Branch Licensing
There are no branch
licensing requirements due to our HUD exemption.
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Initial Disclosures
Coming Soon
Final Disclosures
Coming Soon
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Points
and Fees**
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APR
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1st
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8%
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8
+ Treasury Yield Index
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2nd
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8%
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10
+ Treasury Yield Index
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HELOC
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N/A
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N/A
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*Does not apply to purchases, HELOCs, or
non-owner occupied properties
*Principal Dwelling Only
**Includes YSP as part of Fees Percentage unless retail - However,
Check with Investor
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Not
Permitted over 13% APR
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Permitted Fees
Coming Soon
Prohibited Fees
Coming Soon
Late Charge Fees
Coming Soon
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Funding Settlement
Wet State
Borrower Signing
Requirements
Oklahoma is not a
community property state.
Closing Customs
Coming Soon
Real Estate Taxes
Taxes are due December
1st.
Taxes are delinquent on December 31st.
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Advertising Record
Retention
Coming Soon
Advertising
Representation
Coming Soon
Telemarketing
Comings
Soon
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Disclaimer:
This
information is tailored for DirectLender. It is deemed reliable but not
guaranteed. It is not intended as legal advice, and should not be
relied upon as such. The laws, policies, and references cited change
periodically.
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