Okla. Admin. Code § 330:25-3-6

Current through Vol. 42, No. 8, January 2, 2025

Section 330:25-3-6 - Repurchase or acceleration

If any document or documents constituting a part of a mortgage file are defective or incomplete in any material respect, the affected participant shall cure the defect within a period to be specified in the applicable agreements or may be required to repurchase mortgage loans closed under defective or incomplete documents. Payment of mortgage loans which are closed as a result of misrepresentations by borrowers may be accelerated.