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Supervised Lender

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  Loan Rate Chart

2014  Daily Refund Chart

2014 Monthly Refund Chart

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 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