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 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

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Oklahoma Consumer Finance Association Website

Independent Finance Institute Website