Okla. Stat. tit. 59, § 59-3103
This is the official text of Okla. Stat. tit. 59, § 59-3103, 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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Application of act
Official statutory text
A. The scope of this act shall not apply to a supervised lender
licensed under the Uniform Consumer Credit Code. Further, nothing
in this act shall modify, affect, alter, change or restrict
practices or operations of supervised lenders under the Uniform
Consumer Credit Code, rules of the Oklahoma Department of Consumer
Credit or rules or interpretations of the Administrator of the
Department of Consumer Credit.
B. Except as otherwise provided in subsection A of this
section, the provisions of this act shall apply to all deferred
deposit loans made; provided, the following lenders shall not be
subject to the licensing requirements of this act:
1. A bank, savings institution, credit union or farm credit
system organized under and regulated by the laws of the United
States or any state;
2. Government or governmental agencies or instrumentalities; or
3. Pawnbrokers engaged in pawn transactions as defined in the
Oklahoma Pawnshop Act.
C. The provisions of this act shall apply to transactions if
the lender, wherever located, enters into the transaction with the
debtor by mail, brochure, telephone, print, radio, television,
Internet, or any other means.
licensed under the Uniform Consumer Credit Code. Further, nothing
in this act shall modify, affect, alter, change or restrict
practices or operations of supervised lenders under the Uniform
Consumer Credit Code, rules of the Oklahoma Department of Consumer
Credit or rules or interpretations of the Administrator of the
Department of Consumer Credit.
B. Except as otherwise provided in subsection A of this
section, the provisions of this act shall apply to all deferred
deposit loans made; provided, the following lenders shall not be
subject to the licensing requirements of this act:
1. A bank, savings institution, credit union or farm credit
system organized under and regulated by the laws of the United
States or any state;
2. Government or governmental agencies or instrumentalities; or
3. Pawnbrokers engaged in pawn transactions as defined in the
Oklahoma Pawnshop Act.
C. The provisions of this act shall apply to transactions if
the lender, wherever located, enters into the transaction with the
debtor by mail, brochure, telephone, print, radio, television,
Internet, or any other means.
Status: in_force · Read it on the official government site
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