STATUTE: 14A O.S. 1-101 (Click "next section" on each page to advance)
Oklahoma Administrative Code: Title 160, Chapters 1, 3, 5, 10, 20, 25, 45, 65 (Click link and select "VIEW CODE", then Title 160 Department of Consumer Credit)
DESCRIPTION: This license allows a lender, as a business, to make or take assignment of supervised loans from other Consumer Credit organizations.
TIME FRAME TO ISSUE: The approval process for this license requires up to 90 days to complete.
FEES: The fees for this license include a $425.00 one-time investigation fee, a $290.00 license fee and a $500.00 examination fee of books and records.
LICENSING PERIOD: This license is valid for one year, beginning on January 1st.
LICENSING RENEWAL: This license may be renewed by submitting documentation by December 1st each year.
PREREQUISITES: The business must have a $5,000 surety bond, and a financial statement showing net assets of at least $25,000.
2014 Composite Annual Report (2013 calendar year)
Senate Bill 1698, amendments to the Uniform Consumer Credit Code Senate Bill 1698, amendments to the Uniform Consumer Credit Code - correction memo
2014 Dollar Rate Chart
2014 Dollar Changes, effective July 1, 2014
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