- (a) Renewal through NMLS&R. A licensee that wishes to be placed on an inactive license status in accordance with the SAFE Act must renew the applicable license through NMLS&R and pay the required license renewal fees.
- (b) Notification to the Administrator. After renewing the applicable license through NMLS&R, a licensee must notify the Administrator in writing of the inactive license status request. The Administrator shall place the applicable license on an inactive license status upon a request in writing and issue a refund for any license renewal fees paid in excess of the inactive license status fee.
Added at 16 Ok Reg 2170, eff 6-25-99
Amended at 17 Ok Reg 1589, eff 5-25-00
Amended at 20 Ok Reg 2750, eff 7-1-03 (emergency)
Amended at 21 Ok Reg 2698, eff 7-12-04
Amended at 27 Ok Reg 1763, eff 7-1-10
Amended at 31 Ok Reg 949, eff 9-12-14