Okla. Stat. tit. 59, § 59-1512v2
This is the official text of Okla. Stat. tit. 59, § 59-1512v2, 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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Administration and enforcement
Official statutory text
A. Rule Making Power. The Administrator shall have the same
authority to adopt, amend and repeal rules as is conferred upon him
by paragraph (e) of subsection (1), and subsections (2) and (3) of
Section 6-104 of Title 14A of the Oklahoma Statutes, as applicable,
and such rules shall have the same effect as provided in subsection
(4) of Section 6-104 thereunder. In addition, the Administrator may
adopt, amend and repeal such other rules as are necessary for the
enforcement of the provisions of Section 1501 et seq. of this title
and consistent with all its provisions.
B. Administrative Enforcement. Compliance with the provisions
of this act may be enforced by the Administrator who may exercise,
for such purpose, all the powers enumerated in Part 1 of Article 6,
Title 14A of the Oklahoma Statutes, in the same manner as in
relation to consumer credit transactions under that act, as well as
those powers conferred in this act.
Oklahoma Statutes - Title 59. Professions and Occupations Page 1142
C. Criminal Penalties. 1. Any person who engages in the
business of operating a pawn shop without first securing the license
prescribed by this act shall be guilty of a misdemeanor and upon
conviction thereof shall be punished by a fine not in excess of One
Thousand Dollars ($1,000.00), by confinement in the county jail for
not more than six (6) months or by both.
2. Any person selling or pledging property to a pawnbroker who
uses false or altered identification or a false declaration of
ownership as related to the provisions of Section 1515 of this title
shall be punished as follows:
a. if the value of the property is less than One Thousand
Dollars ($1,000.00), the person shall, upon
conviction, be guilty of a misdemeanor punishable by
imprisonment in the county jail for a term not to
exceed one (1) year, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine,
b. if the value of the property is One Thousand Dollars
($1,000.00) or more but less than Two Thousand Five
Hundred Dollars ($2,500.00), the person shall, upon
conviction, be guilty of a Class D1 felony offense
punishable by imprisonment as provided for in
subsections B through F of Section 20N of Title 21 of
the Oklahoma Statutes, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine,
c. if the value of the personal property is Two Thousand
Five Hundred Dollars ($2,500.00) or more but less than
Fifteen Thousand Dollars ($15,000.00), the person
shall, upon conviction, be guilty of a Class D1 felony
offense punishable by imprisonment as provided for in
subsections B through F of Section 20N of Title 21 of
the Oklahoma Statutes, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine, or
d. if the value of the personal property is Fifteen
Thousand Dollars ($15,000.00) or more, the person
shall, upon conviction, be guilty of a Class D1 felony
offense punishable by imprisonment as provided for in
subsections B through F of Section 20N of Title 21 of
the Oklahoma Statutes, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine.
3. Any person who fails to repay a pawnbroker the full amount
received from a pawn or buy transaction after being officially
notified by a peace officer that the goods he or she pledged or sold
in that transaction were stolen or embezzled shall, upon conviction,
Oklahoma Statutes - Title 59. Professions and Occupations Page 1143
be guilty of a misdemeanor punishable by imprisonment in the county
jail for a term not to exceed six (6) months, or a fine not to
exceed Five Hundred Dollars ($500.00), or by both such fine and
imprisonment.
D. Private Enforcement. 1. If any person engages in the
business of operating a pawnshop without first securing the license
prescribed by this act, or if any pawnbroker contracts for, charges
lty of a misdemeanor punishable by imprisonment in the county
jail for a term not to exceed six (6) months, or a fine not to
exceed Five Hundred Dollars ($500.00), or by both such fine and
imprisonment.
D. Private Enforcement. 1. If any person engages in the
business of operating a pawnshop without first securing the license
prescribed by this act, or if any pawnbroker contracts for, charges
or receives a pawn finance charge in excess of that authorized by
this act, the pawn transaction shall be void and the customer is not
obligated to pay either the amount financed or the pawn finance
charge in connection with the transaction, and upon the customer's
demand, the pawnbroker shall be obligated to return to the customer,
as a refund, all amounts paid in connection with the transaction by
the customer and the pledged goods delivered to the pawnbroker in
connection with the pawn transaction or their value if the goods
cannot be returned. If a customer is entitled to a refund under
this section and a pawnbroker liable to the customer refuses to make
the refund within a reasonable time after demand, the customer shall
have an action against the pawnbroker and in the case of a
successful action to enforce such liability, the costs of the action
together with attorney fees as determined by the court shall be
awarded to the customer.
2. A pawnbroker who fails to disclose information to a customer
entitled to the information under this act is liable to that person
in an amount equal to the sum of:
a. twice the amount of the pawn finance charge in
connection with the transaction, or One Hundred
Dollars ($100.00), whichever is greater, and
b. in the case of a successful action to enforce the
liability under paragraph 1 of this subsection, the
costs of the action together with reasonable attorney
fees as determined by the court.
authority to adopt, amend and repeal rules as is conferred upon him
by paragraph (e) of subsection (1), and subsections (2) and (3) of
Section 6-104 of Title 14A of the Oklahoma Statutes, as applicable,
and such rules shall have the same effect as provided in subsection
(4) of Section 6-104 thereunder. In addition, the Administrator may
adopt, amend and repeal such other rules as are necessary for the
enforcement of the provisions of Section 1501 et seq. of this title
and consistent with all its provisions.
B. Administrative Enforcement. Compliance with the provisions
of this act may be enforced by the Administrator who may exercise,
for such purpose, all the powers enumerated in Part 1 of Article 6,
Title 14A of the Oklahoma Statutes, in the same manner as in
relation to consumer credit transactions under that act, as well as
those powers conferred in this act.
Oklahoma Statutes - Title 59. Professions and Occupations Page 1142
C. Criminal Penalties. 1. Any person who engages in the
business of operating a pawn shop without first securing the license
prescribed by this act shall be guilty of a misdemeanor and upon
conviction thereof shall be punished by a fine not in excess of One
Thousand Dollars ($1,000.00), by confinement in the county jail for
not more than six (6) months or by both.
2. Any person selling or pledging property to a pawnbroker who
uses false or altered identification or a false declaration of
ownership as related to the provisions of Section 1515 of this title
shall be punished as follows:
a. if the value of the property is less than One Thousand
Dollars ($1,000.00), the person shall, upon
conviction, be guilty of a misdemeanor punishable by
imprisonment in the county jail for a term not to
exceed one (1) year, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine,
b. if the value of the property is One Thousand Dollars
($1,000.00) or more but less than Two Thousand Five
Hundred Dollars ($2,500.00), the person shall, upon
conviction, be guilty of a Class D1 felony offense
punishable by imprisonment as provided for in
subsections B through F of Section 20N of Title 21 of
the Oklahoma Statutes, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine,
c. if the value of the personal property is Two Thousand
Five Hundred Dollars ($2,500.00) or more but less than
Fifteen Thousand Dollars ($15,000.00), the person
shall, upon conviction, be guilty of a Class D1 felony
offense punishable by imprisonment as provided for in
subsections B through F of Section 20N of Title 21 of
the Oklahoma Statutes, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine, or
d. if the value of the personal property is Fifteen
Thousand Dollars ($15,000.00) or more, the person
shall, upon conviction, be guilty of a Class D1 felony
offense punishable by imprisonment as provided for in
subsections B through F of Section 20N of Title 21 of
the Oklahoma Statutes, or by a fine not to exceed Five
Hundred Dollars ($500.00), or by both such
imprisonment and fine.
3. Any person who fails to repay a pawnbroker the full amount
received from a pawn or buy transaction after being officially
notified by a peace officer that the goods he or she pledged or sold
in that transaction were stolen or embezzled shall, upon conviction,
Oklahoma Statutes - Title 59. Professions and Occupations Page 1143
be guilty of a misdemeanor punishable by imprisonment in the county
jail for a term not to exceed six (6) months, or a fine not to
exceed Five Hundred Dollars ($500.00), or by both such fine and
imprisonment.
D. Private Enforcement. 1. If any person engages in the
business of operating a pawnshop without first securing the license
prescribed by this act, or if any pawnbroker contracts for, charges
lty of a misdemeanor punishable by imprisonment in the county
jail for a term not to exceed six (6) months, or a fine not to
exceed Five Hundred Dollars ($500.00), or by both such fine and
imprisonment.
D. Private Enforcement. 1. If any person engages in the
business of operating a pawnshop without first securing the license
prescribed by this act, or if any pawnbroker contracts for, charges
or receives a pawn finance charge in excess of that authorized by
this act, the pawn transaction shall be void and the customer is not
obligated to pay either the amount financed or the pawn finance
charge in connection with the transaction, and upon the customer's
demand, the pawnbroker shall be obligated to return to the customer,
as a refund, all amounts paid in connection with the transaction by
the customer and the pledged goods delivered to the pawnbroker in
connection with the pawn transaction or their value if the goods
cannot be returned. If a customer is entitled to a refund under
this section and a pawnbroker liable to the customer refuses to make
the refund within a reasonable time after demand, the customer shall
have an action against the pawnbroker and in the case of a
successful action to enforce such liability, the costs of the action
together with attorney fees as determined by the court shall be
awarded to the customer.
2. A pawnbroker who fails to disclose information to a customer
entitled to the information under this act is liable to that person
in an amount equal to the sum of:
a. twice the amount of the pawn finance charge in
connection with the transaction, or One Hundred
Dollars ($100.00), whichever is greater, and
b. in the case of a successful action to enforce the
liability under paragraph 1 of this subsection, the
costs of the action together with reasonable attorney
fees as determined by the court.
Status: in_force · Read it on the official government site
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