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Okla. Stat. tit. 24, § 24-146

This is the official text of Okla. Stat. tit. 24, § 24-146, 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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Investigation and examination of books and records

Official statutory text

A. At such times as the Administrator of Consumer Credit may

deem necessary, the Administrator or a duly authorized

representative of the Administrator may make an examination of the

place of business of each licensee and may inquire into and examine

the transactions, books, accounts, papers, correspondence and

records of such licensee insofar as they pertain to the business

regulated by the Credit Services Organization Act. Such books,

accounts, papers, correspondence and records shall also be open for

inspection at any reasonable time by any peace officer, without any

need of judicial writ or other process. In the course of an

examination, the Administrator or a duly authorized representative

of the Administrator shall have free access to the office, place of

business, files, safes and vaults of such licensee, and shall have

the right to make copies of any books, accounts, papers,

correspondence and records. The Administrator or duly authorized

Oklahoma Statutes - Title 24. Debtor and Creditor Page 30

representative, during the course of such examination, may

administer oaths and examine any person under oath upon any subject

pertinent to any matter about which the Administrator is authorized

or required by the Credit Services Organization Act to consider,

investigate or secure information. Any licensee who fails or

refuses to permit the Administrator or duly authorized

representative to examine or make copies of such books or other

relevant documents shall be deemed to be in violation of the Credit

Services Organization Act and such failure or refusal shall

constitute grounds for the suspension or revocation of such license.

The information obtained in the course of any examination or

inspection shall be confidential, except in civil or administrative

proceedings conducted by the Administrator, or criminal proceedings

instituted by the state. Each licensee shall pay to the

Administrator an examination fee. The Administrator may require

payment of an examination fee either at the time of initial

application, renewal of the license, or after an examination has

been conducted.

B. For the purpose of discovering violations of the Credit

Services Organization Act or of securing information required by the

Credit Services Organization Act, the Administrator or duly

authorized representative may investigate the books, accounts,

papers, correspondence and records of any licensee or other person

who the Administrator has reasonable cause to believe is violating

any provision of the Credit Services Organization Act whether or not

such person shall claim to be within the authority or scope of the

Credit Services Organization Act.

C. Each licensee shall keep or make available in this state

such books and records relating to credit service transactions made

pursuant to the Credit Services Organization Act as are necessary to

enable the Administrator to determine whether the licensee is

complying with the Credit Services Organization Act. Such books and

records shall be consistent with accepted accounting practices.

D. Each licensee shall preserve or make available such books

and records in this state relating to each of its credit service

transactions for four (4) years from the date of the transaction, or

two (2) years from the date of the final entry made thereon,

whichever is later. Each licensee's system of records shall be

accepted if it discloses such information as may be reasonably

required pursuant to the Credit Services Organization Act. All

agreements signed by customers shall be kept at an office in this

state designated by the licensee, except when transferred under an

agreement which gives the Administrator access thereto.

E. Each licensee, annually on or before the first day of May or

other date thereafter fixed by the Administrator, shall file a

report with the Administrator setting forth such relevant
rganization Act. All

agreements signed by customers shall be kept at an office in this

state designated by the licensee, except when transferred under an

agreement which gives the Administrator access thereto.

E. Each licensee, annually on or before the first day of May or

other date thereafter fixed by the Administrator, shall file a

report with the Administrator setting forth such relevant

information as the Administrator may reasonably require concerning

Oklahoma Statutes - Title 24. Debtor and Creditor Page 31

the business and operations during the preceding calendar year for

each licensed place of business conducted by such licensee within

the state. Such report shall be made under oath and shall be in the

form prescribed by the Administrator, who may make and publish

annually a consolidated analysis and recapitulation of such reports,

but the individual reports shall be held confidential.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.