Okla. Stat. tit. 24, § 24-143
This is the official text of Okla. Stat. tit. 24, § 24-143, part of Oklahoma’s Stat. tit. 24, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 24,." Browse the sections below, each linked to its official government source.
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Fees - Administrator's investigation - Issuance or denial
Official statutory text
of license.
A. Upon the filing of an application and bond, payment of an
annual license fee and an investigation fee, the Administrator of
Consumer Credit shall conduct an investigation. If the
Administrator finds that the financial responsibility, experience,
character and general fitness of the applicant are such as to
warrant belief that the business will be operated pursuant to the
Credit Services Organization Act and rules promulgated pursuant
thereto, the Administrator shall grant the application and issue to
the applicant a license which will evidence the authority of the
applicant to do business under the provisions of the Credit Services
Organization Act.
B. If the Administrator does not so find facts sufficient to
warrant issuance of a license, the Administrator shall notify the
applicant. If within thirty (30) days of such notification the
applicant requests a hearing on the application, a hearing shall be
held within sixty (60) days after the date of the request. In the
event of the denial of a license, the investigation fee shall be
retained by the Administrator, but the annual license fee shall be
returned to the applicant.
Oklahoma Statutes - Title 24. Debtor and Creditor Page 27
C. The Administrator shall grant or deny such application for
license within sixty (60) 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.
D. No license to engage in the business of a credit services
organization shall be issued for any location if a license has been
issued and is in effect under the provisions of Sections 3-501
through 3-514 of Title 14A of the Oklahoma Statutes. As used in
this subsection the term "location" means the entire area in which a
person licensed pursuant to any provision of Title 14A of the
Oklahoma Statutes conducts business. No credit service organization
may be connected with any location in which a person licensed
pursuant to any provision of Title 14A of the Oklahoma Statutes
conducts business, except by a passageway to which the public is not
admitted.
E. The Commission on Consumer Credit may prescribe by rule a
fee for each license change, duplicate license or returned check.
A. Upon the filing of an application and bond, payment of an
annual license fee and an investigation fee, the Administrator of
Consumer Credit shall conduct an investigation. If the
Administrator finds that the financial responsibility, experience,
character and general fitness of the applicant are such as to
warrant belief that the business will be operated pursuant to the
Credit Services Organization Act and rules promulgated pursuant
thereto, the Administrator shall grant the application and issue to
the applicant a license which will evidence the authority of the
applicant to do business under the provisions of the Credit Services
Organization Act.
B. If the Administrator does not so find facts sufficient to
warrant issuance of a license, the Administrator shall notify the
applicant. If within thirty (30) days of such notification the
applicant requests a hearing on the application, a hearing shall be
held within sixty (60) days after the date of the request. In the
event of the denial of a license, the investigation fee shall be
retained by the Administrator, but the annual license fee shall be
returned to the applicant.
Oklahoma Statutes - Title 24. Debtor and Creditor Page 27
C. The Administrator shall grant or deny such application for
license within sixty (60) 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.
D. No license to engage in the business of a credit services
organization shall be issued for any location if a license has been
issued and is in effect under the provisions of Sections 3-501
through 3-514 of Title 14A of the Oklahoma Statutes. As used in
this subsection the term "location" means the entire area in which a
person licensed pursuant to any provision of Title 14A of the
Oklahoma Statutes conducts business. No credit service organization
may be connected with any location in which a person licensed
pursuant to any provision of Title 14A of the Oklahoma Statutes
conducts business, except by a passageway to which the public is not
admitted.
E. The Commission on Consumer Credit may prescribe by rule a
fee for each license change, duplicate license or returned check.
Status: in_force · Read it on the official government site
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