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Deferred Deposit Lenders


STATUTES & RULES:   Title 59 O.S. §§ 3101-3119  - Deferred Deposit Lender Licensing Act

Oklahoma Administrative Code: Title 160, Chapters 1, 3, 5 and 70 (Click link and select "VIEW CODE", then Title 160 Department of Consumer Credit

DESCRIPTION:This license allows a 12 to 45 day loan up to $500 by accepting a dated instrument and agreeing to hold the instrument for a period of time.
 

TIME FRAME TO ISSUE:The approval process for this license may require up to 90 days to complete.
 

FEES:The fees for this license include a $700.00 investigation fee, $350.00 license fee and a $500.00 examination fee of books and records.
 

LICENSING PERIOD: Calendar year, all licenses expire December 31st each year.
 

RENEWAL PERIOD: This license may be renewed by submitting renewal documents and fees by December 1st each year.
 

PREREQUISITES: Completed application includes a current financial statement showing net assets of at least $25,000. 

 

Deferred Deposit Lending in the State of Oklahoma

2014 DDL Composite Annual Report (2013 Calendar Year)

2012 DDL Composite Annual Report (2011 Calendar Year)

DDL NMLS Transition

Letter Regarding Amended Veritec Transaction Re-open Request form

Sample Repayment Plan

Payday Lending Borrower's Rights

Deferred Deposit Loan - Notice of Cancellation Suggested Language 

2013 Annual Report (2012 Calendar Year)

 


 Oklahoma Department of Consumer Credit
3613 NW 56th Street, Suite 240
Oklahoma City, Oklahoma 73112-4512
Phone: (405) 521-3653 | Fax: (405) 521-6740
In-state Consumer Hotline: (800) 448-4904