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. Click here to download the application and instructions.
LICENSING RENEWAL: This license may be renewed by submitting documentation by December 1st each year.
Click here for 2017 Renewal Form
PREREQUISITES: The business must have a $5,000 surety bond, and a financial statement showing net assets of at least $25,000.
2016 Dollar Changes, effective July 1, 2016
2015 Composite Annual Report (2014 Calendar Year)
2015 Dollar Changes, effective July 1, 2015
2014 Loan Rate Chart
2014 Daily Refund Chart
2014 Monthly Refund Chart
2014 Composite Annual Report (2013 calendar year)
Oklahoma Consumer Finance Association Website
Independent Finance Institute
Supervised Lender Examination Guidelines
Previous Years Rate Charts