Okla. Stat. tit. 14A, § 14A-6-104

(1) In addition to other powers granted by this title, the

Administrator of Consumer Credit may, within the limitations

provided by law:

(a) receive and act on complaints, take action designed to

obtain voluntary compliance with this title, or

commence proceedings on the Administrator's own

initiative,

(b) counsel persons and groups on their rights and duties

under this title,

(c) establish programs for the education of consumers with

respect to credit practices and problems,

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(d) make studies appropriate to effectuate the purposes

and policies of this title and make the results

available to the public,

(e) with approval by the Commission on Consumer Credit

adopt, amend, and repeal substantive rules when

specifically authorized by this title, and adopt,

amend, and repeal procedural rules to carry out the

provisions of this title, all as provided by the

Administrative Procedures Act, and

(f) enforce the disclosure provisions of the Federal

Consumer Credit Protection Act as defined in Section

1-302 of this title.

(2) Except for refund of an excess charge, no liability is

imposed under this title for an act done or omitted in conformity

with a rule of the Administrator or written opinion of the

Administrator stating rights and duties issued on the

Administrator's own motion or in response to a request under

paragraph (b) of subsection (1) of this section notwithstanding that

after the act or omission the rule or opinion may be amended or

repealed or be determined by judicial or other authority to be

invalid for any reason. The opinions of the Administrator shall be

compiled and published no less often than annually.

(3) The Administrator shall report annually on or before

January 1 to the Governor and Legislature on the operation of the

Administrator's office, on the use of consumer credit in the state,

and on the problems of persons of small means obtaining credit from

persons regularly engaged in extending sales or loan credit. For

the purpose of making the report, the Administrator is authorized to

conduct research and make appropriate studies. The report shall

include a description of the examination and investigation

procedures and policies of the Administrator's office, a statement

of policies followed in deciding whether to investigate or examine

the offices of credit suppliers subject to this title, a statement

of the number and percentages of offices which are periodically

investigated or examined, a statement of the types of consumer

credit problems of both creditors and debtors which have come to

the Administrator's attention through examinations and

investigations and the disposition of them under existing law, and a

general statement of the activities of the Administrator's office

and of others to promote the purposes of this title. The report

shall not identify the creditors against whom action is taken by the

Administrator.

(4) The Administrator may enter into cooperative, coordinating

and information-sharing agreements with any other agencies that have

supervisory or regulatory responsibility over any entity that has

been or may be licensed by the Department of Consumer Credit or any

organization affiliated with or representing one or more agencies

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with supervisory or regulatory responsibility over any entity that

has been or may be licensed by the Department, and the Administrator

may accept reports of examination and reports of investigation from

any such agency or organization in lieu of conducting the

Administrator's own examinations or investigations. The

Administrator may cooperate, coordinate and enter into information-

sharing agreements with the Oklahoma State Banking Department and

other state agencies with whom the agreements may be mutually

beneficial.
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may accept reports of examination and reports of investigation from

any such agency or organization in lieu of conducting the

Administrator's own examinations or investigations. The

Administrator may cooperate, coordinate and enter into information-

sharing agreements with the Oklahoma State Banking Department and

other state agencies with whom the agreements may be mutually

beneficial.

(5) The Administrator shall have the authority to adopt rules,

not inconsistent with the provisions of this title, to limit the

amount of the additional charges that lenders are permitted to

impose under subsections (1) and (2) of Section 3-202 of this title

and Section 3-203.2 of this title, or to limit the amount of

deferral charges that sellers and lenders may impose under

subsections (2) and (3) of Section 2-204 of this title and

subsections (2) and (3) of Section 3-204 of this title. The

Administrator shall:

(a) in promulgating, amending or repealing rules pursuant

to this section, take into consideration whether

limits on the additional charges permitted under

subsections (1) and (2) of Section 3-202 of this title

and Section 3-203.2 of this title, or limits on

deferral charges that sellers and lenders may impose

under subsections (2) and (3) of Section 2-204 of this

title and subsections (2) and (3) of Section 3-204 of

this title, would:

(i) place lenders located in this state at a

competitive disadvantage, with respect to the

additional charges, as compared to out-of-state

credit card lenders or place sellers and lenders

in this state at a competitive disadvantage with

respect to the deferral charges, as compared to

out-of-state sellers and lenders,

(ii) require sellers or lenders located in this state

to impose higher finance charges, or

(iii) impede the growth of consumer credit sales or the

consumer lending industry in this state, and

(b) adopt rules limiting the dollar amounts of the

additional charges permitted under subsections (1) and

(2) of Section 3-202 of this title and Section 3-203.2

of this title, or the deferral charges permitted under

subsections (2) and (3) of Section 2-204 of this title

and subsections (2) and (3) of Section 3-204 of this

title, in the event that the Administrator determines

that such limits are necessary to protect debtors in

this state from being subjected to charges which are

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unreasonable or excessive as compared to the

prevailing charges being imposed by out-of-state

lenders and sellers.