Okla. Stat. tit. 14A, § 14A-6-303
This is the official text of Okla. Stat. tit. 14A, § 14A-6-303, part of Oklahoma’s Stat. tit. 14A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 14A,." Browse the sections below, each linked to its official government source.
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Deposit of fees in Consumer Credit Administrative
Official statutory text
Expenses Revolving Fund.
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 224
A. Beginning on the effective date of this act, ninety percent
(90%) of all fees and civil penalties collected by the Department of
Consumer Credit pursuant to the Uniform Consumer Credit Code, the
Credit Services Organization Act, the Oklahoma Pawnshop Act, the
Precious Metal and Gem Dealer Licensing Act, the Oklahoma Rental-
Purchase Act, the Oklahoma Health Spa Act, the Oklahoma Secure and
Fair Enforcement for Mortgage Licensing Act and the Deferred Deposit
Lending Act shall be deposited in the Consumer Credit Administrative
Expenses Revolving Fund established in Section 6-301 of this title.
B. Beginning on the effective date of this act, ten percent
(10%) of all fees and civil penalties collected by the Department of
Consumer Credit pursuant to the Uniform Consumer Credit Code, the
Credit Services Organization Act, the Oklahoma Pawnshop Act, the
Precious Metal and Gem Dealer Licensing Act, the Oklahoma Rental-
Purchase Act, the Oklahoma Health Spa Act, the Oklahoma Secure and
Fair Enforcement for Mortgage Licensing Act and the Deferred Deposit
Lending Act shall be deposited in the General Revenue Fund of the
State Treasury.
C. The provisions of this section shall not apply to fees
received for the Oklahoma Mortgage Broker and Mortgage Loan
Originator Recovery Fund and fees received from deferred deposit
lenders for consumer counseling services pursuant to Section 3119 of
Title 59 of the Oklahoma Statutes.
D. The Administrator of Consumer Credit may reduce annual
license fees on a pro rata basis for a specific renewal period. The
Administrator shall notify licensees of an annual license fee
reduction prior to November 1 of the specific license renewal
period. An annual license fee does not include an initial annual
license fee for purposes of this subsection.
Oklahoma Statutes - Title 14A. Consumer Credit Code Page 224
A. Beginning on the effective date of this act, ninety percent
(90%) of all fees and civil penalties collected by the Department of
Consumer Credit pursuant to the Uniform Consumer Credit Code, the
Credit Services Organization Act, the Oklahoma Pawnshop Act, the
Precious Metal and Gem Dealer Licensing Act, the Oklahoma Rental-
Purchase Act, the Oklahoma Health Spa Act, the Oklahoma Secure and
Fair Enforcement for Mortgage Licensing Act and the Deferred Deposit
Lending Act shall be deposited in the Consumer Credit Administrative
Expenses Revolving Fund established in Section 6-301 of this title.
B. Beginning on the effective date of this act, ten percent
(10%) of all fees and civil penalties collected by the Department of
Consumer Credit pursuant to the Uniform Consumer Credit Code, the
Credit Services Organization Act, the Oklahoma Pawnshop Act, the
Precious Metal and Gem Dealer Licensing Act, the Oklahoma Rental-
Purchase Act, the Oklahoma Health Spa Act, the Oklahoma Secure and
Fair Enforcement for Mortgage Licensing Act and the Deferred Deposit
Lending Act shall be deposited in the General Revenue Fund of the
State Treasury.
C. The provisions of this section shall not apply to fees
received for the Oklahoma Mortgage Broker and Mortgage Loan
Originator Recovery Fund and fees received from deferred deposit
lenders for consumer counseling services pursuant to Section 3119 of
Title 59 of the Oklahoma Statutes.
D. The Administrator of Consumer Credit may reduce annual
license fees on a pro rata basis for a specific renewal period. The
Administrator shall notify licensees of an annual license fee
reduction prior to November 1 of the specific license renewal
period. An annual license fee does not include an initial annual
license fee for purposes of this subsection.
Status: in_force · Read it on the official government site
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