Okla. Stat. tit. 59, § 59-1505
This is the official text of Okla. Stat. tit. 59, § 59-1505, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Issuance or denial of license - Fees
Official statutory text
A. Upon the filing of an application and bond and 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 lawfully and
fairly, within the purposes of the Oklahoma Pawnshop Act, and the
applicant meets the eligibility requirements of Section 1503A of
this title, the Administrator shall grant the application and issue
to the applicant a license which will evidence the applicant’s
authority to do business under the provisions of the Oklahoma
Pawnshop 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.
C. The Administrator shall grant or deny each 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
Oklahoma Statutes - Title 59. Professions and Occupations Page 1128
extended by written agreement between the applicant and the
Administrator.
D. No license to engage in the business of a pawnbroker shall
be issued for any location where a license has been issued and is in
effect under the provisions of Section 3-501 et seq. of Title 14A of
the Oklahoma Statutes. The word "location" as used in this
subsection means the entire space in which a Title 14A licensee
conducts business. No pawnshop may be connected with any location
in which a Title 14A licensee conducts business, except by a
passageway to which the public is not admitted.
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 lawfully and
fairly, within the purposes of the Oklahoma Pawnshop Act, and the
applicant meets the eligibility requirements of Section 1503A of
this title, the Administrator shall grant the application and issue
to the applicant a license which will evidence the applicant’s
authority to do business under the provisions of the Oklahoma
Pawnshop 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.
C. The Administrator shall grant or deny each 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
Oklahoma Statutes - Title 59. Professions and Occupations Page 1128
extended by written agreement between the applicant and the
Administrator.
D. No license to engage in the business of a pawnbroker shall
be issued for any location where a license has been issued and is in
effect under the provisions of Section 3-501 et seq. of Title 14A of
the Oklahoma Statutes. The word "location" as used in this
subsection means the entire space in which a Title 14A licensee
conducts business. No pawnshop may be connected with any location
in which a Title 14A licensee conducts business, except by a
passageway to which the public is not admitted.
Status: in_force · Read it on the official government site
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