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 1^st. Click here to download the application and instructions.

LICENSING RENEWAL: This license may be renewed by submitting documentation by December 1^st each year. 

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

2019 Loan Rate Chart

2019 Monthly Refund Chart

2019 Daily Refund Chart

2019 Dollar Changes, effective July 1 2019

Oklahoma Consumer Finance Association Website

Independent Finance Institute Website