United States:
Oklahoma Exempts Charitable Entities From Mortgage Licensing Provisions
27 May 2021
Ballard Spahr LLP
To print this article, all you need is to be registered or login on Mondaq.com.
Oklahoma recently revised its licensing provisions under
its Secure and Fair Enforcement for Mortgage Licensing Act (SAFE
Act) to expressly exempt 501(c)(3) charitable entities meeting
certain conditions from the SAFE Act mortgage licensing
requirements.
The amendment will become effective on November 1, 2021.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.
