Oklahoma. Democratic Gov. C. Brad Henry signed HB 1574 into law on May 30, amending the Mortgage Broker Licensure Act and creating the Oklahoma Home Ownership and Equity Protection Act. Most of the prohibitions in the bill apply to “subsection 10 mortgages,” or high-cost loans. First-lien mortgages with an APR of 8 percent and second-lien loans with an APR of 10 percent above the yield on comparable Treasury securities fall under the state HOEPA