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 1st. 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 Daily Refund Chart , effective July 1, 2022
2022 Loan Rate Chart, effective July 1, 2022
2022 Dollar Changes July 1, 2022
2022 Monthly Refund Chart, effective July 1, 2022
Oklahoma Consumer Finance Association Website
Independent Finance Institute Website