Title 59 — Title 59 — Professions and Occupations

As used in the Deferred Deposit Lending Act: 1. “Administrative Procedures Act” means the general act of this state governing administrative procedures and is cited in Section 250 et seq. of Title 75 of the Oklahoma Statutes; 2. “Administrator” means the Administrator as defined …

A. The scope of this act shall not apply to a supervised lender licensed under the Uniform Consumer Credit Code. Further, nothing in this act shall modify, affect, alter, change or restrict practices or operations of supervised lenders under the Uniform Consumer Credit Code, rule…

All information contained in the database for deferred deposit lenders, which is authorized under the Deferred Deposit Lending Act, shall be confidential. The information contained in the database for deferred deposit lenders shall be exempt from disclosure under the provisions o…

proceeds - Notices. A. Each deferred deposit loan shall be documented by a written agreement executed by both the lender and the debtor. The written agreement shall contain the name or trade name of the lender, the license number of the lender, the toll-free telephone number of t…

Without penalty or cost of any kind, a debtor in a deferred deposit loan transaction shall have the right to rescind in writing the deferred deposit loan until 5 p.m. on the next business day following the day the debtor signs the deferred deposit loan agreement; provided, any at…

A deferred deposit lender shall not: 1. Charge fees other than, or in excess of those authorized by the Deferred Deposit Lending Act; 2. Make deferred deposit loans at unlicensed locations; 3. Alter or delete the date on an instrument after it has been accepted by the lender purs…

A. A lender shall collect past-due accounts in a professional, fair and lawful manner, in accordance with the federal Fair Debt Collection Practices Act. B. A lender shall not threaten or pursue criminal action against a debtor as a result of the debtor’s instrument being returne…

A. Regardless of any other law governing the imposition of interest, fees, loan finance charges or the extension of credit, a deferred deposit lender may charge a finance charge for each deferred deposit loan that does not exceed Fifteen Dollars ($15.00) for every One Hundred Dol…

Determination of outstanding loans - Completion of transaction - Repayment plan - Redemption of instrument. A. A lender may not enter into a renewal of a deferred deposit loan transaction. B. Upon any application being made for a deferred deposit loan, the lender shall determine …

After the debtor has entered into a fifth consecutive deferred deposit loan, a lender shall not make a deferred deposit loan to a debtor until 8:00 a.m. on the second business day after the fifth consecutive deferred deposit loan has been paid in full. Added by Laws 2003, c. 240,…

A. No lender shall engage in this state in false or misleading advertising concerning the terms or conditions of credit with respect to a deferred deposit loan. B. Advertising which complies with Regulation Z does not violate subsection A of this section. Added by Laws 2003, c. 2…

business location. A. No person may engage in the business of making deferred deposit loans without first obtaining a license pursuant to this act, unless exempt under subsection B of Section 3 of this act. A separate license is required for each location where deferred deposit l…

qualifications - Issuance or denial - Appeal - Fees. A. To qualify for a license issued pursuant to the Deferred Deposit Lending Act, an applicant shall have: 1. A minimum net worth, determined in accordance with generally accepted accounting principles, of at least Twenty-five T…

Assessments - Investigation of possible violations - Orders compelling compliance. A. At such times as the Administrator of Consumer Credit shall deem necessary, the Administrator or a duly authorized representative shall make an examination of all licensed locations of each lice…

Orders compelling compliance - Censure, probation, suspension, revocation or refusal to renew license - Injunction - Notice and hearing - Cease and desist orders - Judicial review. A. If the Administrator of Consumer Credit has reasonable cause to believe a lender has violated an…

A. In addition to other powers granted by this act, the Administrator of Consumer Credit may, within the limitations provided by law: 1. Maintain a list of licensees, which shall be available to interested persons and the public. The Administrator shall also provide a toll-free n…

A. The Administrator of Consumer Credit may order and impose civil penalties upon a person subject to the provisions of the Deferred Deposit Lending Act for violations of the Deferred Deposit Lending Act or the rules promulgated to implement the Deferred Deposit Lending Act in an…

There is hereby created in the State Treasury a revolving fund for the Commission on Consumer Credit to be designated the "Consumer Credit Counseling Revolving Fund". The fund shall consist of fees received by the Administrator of Consumer Credit from deferred deposit lenders for…

32, eff. Aug. 1, 2020.

This act shall be known and may be cited as the "Oklahoma Small Lenders Act". Added by Laws 2019, c. 89, § 2, eff. Nov. 1, 2019.

As used in this act, unless the context requires otherwise: 1. "Administrator" means the Administrator of the Department of Consumer Credit or the Administrator's designee; 2. "Affiliate" means a person or organization directly or indirectly controlling, controlled by or under co…

ratios – Payment methods. A. A licensee authorized to make small loans under this act may charge and collect fees in a manner consistent with this section. B. A licensee may only charge and collect a periodic interest rate not to exceed seventeen percent (17%) per month unless ot…

Right of rescission. A. A licensee shall provide each customer a written explanation, in clear, understandable language, of the fees and charges to be charged by the licensee. The style, content and method of executing the required written explanation shall comply with Oklahoma R…

acts – Device or agreement to obtain greater charges – Compliance with other laws – Jurisdiction and venue. A. Each licensee shall keep and use in its business any books, accounts and records the Administrator of the Department of Consumer Credit may require for purposes of this …

The business of making small loans in accordance with this act shall not be subject to or controlled by any other statute governing the imposition of interest, fees or loan charges. A licensee shall not have the powers enumerated in this act without first complying with the law r…

investigation of books, records and persons – Examination or investigation fees. A. The Administrator of the Department of Consumer Credit may promulgate administrative rules in accordance with the Administrative Procedures Act for the enforcement of this act. B. To assure compli…

revocation of license. A. The Administrator of the Department of Consumer Credit shall appoint an independent hearing examiner to conduct all administrative hearings involving alleged violations of Title 14A of the Oklahoma Statutes. The independent hearing examiner shall have au…

After notice and opportunity for a hearing, if the Administrator of the Department of Consumer Credit finds that a person has violated this act or any administrative rule promulgated pursuant thereto, the Administrator may take the following actions or any combination of such act…

management or control of a licensee. A. The Administrator, after notice and opportunity for a hearing, may censure, suspend for a period not to exceed twelve (12) months or bar a person from any position of employment, management or control of a licensee, if the Administrator fin…

hearing. A. The Administrator of the Department of Consumer Credit may enter into a consent order at any time with any person to resolve any matter arising under this act. A consent order shall be signed by the person to whom it is issued or a duly authorized representative and s…

administrative power. A. Any person aggrieved by the conduct of a licensee or unlicensed person in connection with regulated activities pursuant to this act, may file a written complaint with the Administrator of the Department of Consumer Credit who may investigate the complaint…

A. Beginning on August 1, 2020, no person shall engage in the business of making small loans as defined in this act, unless the person is licensed by the Department of Consumer Credit as provided by this act. A person shall be deemed to be engaged in the business of making small …

events. Within fifteen (15) days of the occurrence of any one of the following events, a licensee shall file a written report with the Administrator of the Department of Consumer Credit describing the event and its expected impact on the activities of the licensee in this state: …

A. Each licensee shall file an annual report with the Administrator of the Department of Consumer Credit on the date of the renewal application required in Section 10 of this act, containing the following information: 1. The names and addresses of persons owning a controlling int…

authority - Costs. A. In addition to any other powers conferred upon the Administrator of the Department of Consumer Credit by law, the Administrator is authorized to require persons subject to this act to be licensed through a multistate automated licensing system. Pursuant to t…

for channeling information. The Administrator of the Department of Consumer Credit is authorized to use a multistate automated licensing system as an agent for channeling information, whether criminal or noncriminal in nature, whether derived from or distributed to the United Sta…

provided to a multistate automated licensing system – Agreements with other government agencies. A. In order to promote more effective regulation and reduce regulatory burden through supervisory information sharing, the requirements under any federal or state law regarding the pr…

loans. Local government units including, but not limited to, cities, towns and counties shall have no authority to regulate small loans. Added by Laws 2019, c. 89, § 27, eff. Nov. 1, 2019.

employees. Except as otherwise provided in Title 14A of the Oklahoma Statutes or Section 23 of this act, the following shall not be disclosed by the Administrator of the Department of Consumer Credit or any of its employees: 1. A report of examination of any person subject to Tit…

In no event shall an employer be required to garnish wages, earnings or other income of an employee for the purpose of collecting debts on small loans as such term is defined in this act. Added by Laws 2019, c. 89, § 29, eff. Nov. 1, 2019.

A. An applicant for a license to make small loans shall meet the following requirements: 1. A tangible net worth that comprises tangible assets, less liabilities, of not less than Fifty Thousand Dollars ($50,000.00) for each location; and 2. The financial responsibility, financia…

A. On and after January 1, 2020, a person may apply for licensure pursuant to the Oklahoma Small Lenders Act; provided, however, no person is authorized to make any small loan pursuant to this act until August 1, 2020, and thereafter; and provided further, such person making any …

bond – Criminal history records check. A. Each application for a license required by this act shall be accompanied by: 1. A filing fee of Seven Hundred Dollars ($700.00), a license fee of Five Hundred Dollars ($500.00) and a supervision fee of Seven Hundred Dollars ($700.00). In …

A. Upon the filing of an application in a form prescribed by the Administrator of the Department of Consumer Credit, accompanied by the fees and documents required by this act, the Administrator shall investigate to ascertain whether the requirements prescribed by this act have b…

A. If the Administrator of the Department of Consumer Credit determines that an applicant is not qualified to receive a license, the Administrator shall notify the applicant in writing that the application has been denied, stating the basis for denial. B. If the Administrator den…

A. Any license issued between January 1, 2020, and December 31, 2020, shall expire on December 31, 2021. All licenses issued on and after January 1, 2021, shall expire on December 31 in the year such license is issued, unless earlier surrendered, suspended or revoked pursuant to …

requests. A. A license issued pursuant to this act is not transferable or assignable. B. 1. The prior written approval of the Administrator of the Department of Consumer Credit is required for the continued operation of a small loan business whenever a change in control of a lice…

This act shall be known and may be cited as the “Oklahoma Anesthesiologist Assistant Act”. Added by Laws 2008, c. 161, § 1, eff. Nov. 1, 2008.

As used in the Oklahoma Anesthesiologist Assistant Act: 1. "Board" means the State Board of Medical Licensure and Supervision; 2. "Anesthesiologist assistant" means a graduate of an approved program who is licensed to perform medical services delegated and directly supervised by …

The State Board of Medical Licensure and Supervision shall: 1. Examine, license and renew the licenses of duly qualified applicants; 2. Maintain an up-to-date list of every person licensed to practice pursuant to the Oklahoma Anesthesiologist Assistant Act. The list shall show th…