Finance
An Oklahoma bank that makes residential mortgage loans is subject to examination by:
AOREC only
BFederal and/or state banking regulators (FDIC, OCC, Federal Reserve, or Oklahoma State Banking Department depending on charter type)✓ Correct
CHUD exclusively
DCFPB only
Explanation
Banks are regulated by federal and/or state bank regulators depending on their charter. State-chartered banks are supervised by the Oklahoma State Banking Department.
Related Oklahoma Finance Questions
- A VA loan in Oklahoma provides which benefit that makes homeownership more accessible for eligible veterans?
- The loan-to-value (LTV) ratio is calculated as:
- A construction loan in Oklahoma is typically converted to a permanent mortgage upon:
- Secondary mortgage market participants in Oklahoma purchase loans from primary lenders primarily to:
- In Oklahoma, oil and gas production on a mortgaged property may affect the loan because:
- A 'due-on-sale' clause in a mortgage requires:
- The SAFE Act requires that mortgage loan originators:
- A due-on-sale clause in an Oklahoma mortgage requires:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →