Okla. Stat. tit. 15, § 15-769

If it appears to the clerk that all the statements in the

application are true, that the proposed sale is of the character

represented therein, that the application is in full compliance with

the terms and conditions of the Oklahoma Consumer Protection Act,

that the required license fee has been paid, and that the ten-day

waiting period has expired with no objections from the district

attorney, the clerk shall issue a license to the applicant

authorizing the advertising and conducting of the sale as described

in the application, subject to the following conditions:

1. Only the goods, wares, and merchandise included in the

inventory attached to the application shall be sold at the sale;

2. Upon the commencement of the sale and for its duration the

license shall be prominently displayed in the place of sale by the

licensee;

3. All advertisement of discount prices shall indicate that the

prices are discounted from the manufacturer's suggested retail price

and the manufacturer's suggested retail price shall be accurately

displayed in such advertisements or all advertisements of discount

prices shall indicate that the prices are discounted from the

Oklahoma Statutes - Title 15. Contracts Page 157

regular sales prices at which the merchandise has been offered at

the location of the sale for at least sixty (60) days prior to the

sale and such regular prices shall be accurately displayed in

advertisements where discount prices are advertised by specific

dollar amounts or percentage amounts of savings;

4. No closing out sale shall be held at any location other than

the regular place of business of the licensee and the licensee shall

have conducted business at such location for a period of at least

six (6) months; and

5. The licensee shall keep suitable books during the sale, at

the location at which the sale is conducted. Daily entries shall be

made in said books showing:

a. dollar amount of retail sales, and

b. dollar amount of markdowns; for the purposes of

the Oklahoma Consumer Protection Act, the term markdowns is the

difference between retail and wholesale price of goods wholesaled by

the licensee, and

c. dollar amount, both retail and cost price, of

goods on back order received, and

d. dollar amount of wholesale sale.

The books shall be open for inspection during business

hours by appropriate officials responsible for the enforcement of

this act.