Professions and occupations; mortgage broker annual fees; effective date.

HB 1883 modifies Oklahoma's mortgage licensing fees for brokers and lenders. It establishes an annual assessment fee based on 0.008% of the dollar volume of residential loans originated or serviced in Oklahoma, with a minimum $1,000 fee and caps of $40,000 (for originations) and $27,500 (for servicing) starting in 2026. The bill also requires mortgage professionals to pay a $1,200 application fee and submit background checks via the Nationwide Multistate Licensing System. Licenses must be renewed annually by December 1, with late fees applied for missed deadlines, and must be displayed at all business locations. This directly affects mortgage brokers, lenders, and loan originators operating in Oklahoma.