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

HB 1883 modifies Oklahoma's mortgage broker and lender licensing fees. It establishes an annual assessment fee based on the dollar volume of residential loans originated and serviced in Oklahoma, calculated at 0.008% of that volume. The fee must be at least $1,000 annually but capped at $40,000 for loan origination and $17,500-$27,500 for servicing (depending on the year), with a $1,200 one-time application fee. These changes directly affect mortgage brokers, lenders, and loan originators operating in Oklahoma who must pay these fees to maintain their licenses.