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 on 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 1^st.   Click Here to download the application and instructions.

PREREQUISITES: The business must have a $5,000 surety bond, and a financial statement showing net assets of at least $25,000.

2022 Dollar Changes July 1, 2022

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2021 Daily Refund Chart, effective July 1, 2021

2021 Monthly Refund Chart, effective July 1, 2021

2021 Loan Rate Chart, effective July 1, 2021

2021 Dollar Changes November 1, 2021

2021 SL Annual Report Form

2020 Daily Refund Chart, effective July 1, 2020

2020 Monthly Refund Chart, effective July 1, 2020

2020 Loan Rate Chart, effective July 1, 2020

2020 Dollar Changes July 1 2020

2019 Loan Rate Chart, effective November 1, 2019 

2019 Monthly Refund Chart, effective November 1, 2019

2019 Daily Refund Chart, effective November 1, 2019

2019 Dollar Changes, effective November 1, 2019

2019 Loan Rate Chart, effective July 1, 2019

2019 Monthly Refund Chart, effective July 1, 2019

2019 Daily Refund Chart, effective July 1, 2019

2019 Dollar Changes, effective July 1 2019

Oklahoma Consumer Finance Association Website

Independent Finance Institute Website