Okla. Stat. tit. 14A, § 14A-3-504

(1) On filing such application, bond, and payment of the

required fees, the Administrator of Consumer Credit shall

investigate the facts and if the Administrator shall find the

financial responsibility, experience, character and general fitness

of the applicant are such as to command the confidence of the public

and to warrant belief the business will be operated lawfully and

fairly, within the purposes of this title, and the applicant has

available for the operation of such business net assets of at least

Twenty-five Thousand Dollars ($25,000.00), the Administrator shall

grant such application and issue to the applicant a license which

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shall be the applicant's license and authority to make supervised

loans under the provisions of this title.

(2) If the Administrator shall not so find, the Administrator

shall notify the applicant, who shall, on request within thirty (30)

days be entitled to a hearing on such application within sixty (60)

days after the date of the request. The investigation fee shall be

retained by the Administrator, but the annual fee shall be returned

to the applicant in the event of denial.

(3) Each application for a license shall be granted or denied

within ninety (90) days from its filing with the required fees, or,

from the hearing thereon, if any, unless the period is extended by

written agreement between the applicant and the Administrator or the

independent hearing examiner.

(4) Each license shall state the address of the office from

which the business is to be conducted and the name of the licensee.

The license shall be displayed at the place of business named in the

license. The license shall not be transferable or assignable except

upon approval by the Administrator.

(5) Each license shall remain in full force and effect until

relinquished, suspended, revoked or expired. Every licensee shall,

on or before each December 1, pay to the Administrator a fee for

each license held by the licensee, as the annual fee for the

succeeding calendar year. The license shall expire December 31 of

any year for which an annual fee has not been paid. There shall be

a late fee for a late application for renewal of a license received

after December 1. The fee for a duplicate or amended license shall

be prescribed by rule of the Commission on Consumer Credit.

(6) Every licensee shall maintain net assets of at least

Twenty-five Thousand Dollars ($25,000.00), either used or readily

available for use, in the conduct of the business of each licensed

office.

(7) A separate license shall be required for each office

operated under this title. The Administrator may issue more than

one license to any one person upon compliance with this part as to

each license. Nothing contained herein, however, shall be construed

to require a license for any place of business devoted to accounting

or other record keeping and where supervised loans are not made.

(8) When a licensee wishes to move an office to another

location, the licensee shall give thirty (30) days' written notice

to the Administrator, who shall amend the license accordingly.

(9) For purposes of this section, the term "office" shall mean

a location occupied by a licensee with the following

characteristics:

(a) a manager for the office who is not common to any

other supervised lender's office,

(b) a street and mailing address separate from any other

supervised lender's office,

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(c) an entrance through which the public may access only

one supervised lender's office,

(d) separation from any other supervised lender's office

by walls or otherwise and through which neither

employees nor the public may pass, and
der's office,

(b) a street and mailing address separate from any other

supervised lender's office,

Oklahoma Statutes - Title 14A. Consumer Credit Code Page 149

(c) an entrance through which the public may access only

one supervised lender's office,

(d) separation from any other supervised lender's office

by walls or otherwise and through which neither

employees nor the public may pass, and

(e) any other characteristics required pursuant to rule

adopted by the Administrator.

(10) Any person holding a license under this title who shall

violate any provision hereof shall be subject to forfeiture of each

license held by the licensee and if a corporation, its charter shall

be subject to forfeiture, and it shall be the duty of the Attorney

General, when any such violation is called to the Attorney General's

attention, to file suit for such forfeiture of charter and

cancellation of the license in a district court in Oklahoma County.