Okla. Stat. tit. 59, § 59-3112
This is the official text of Okla. Stat. tit. 59, § 59-3112, 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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License required - Separate license required for each
Official statutory text
business location.
A. No person may engage in the business of making deferred
deposit loans without first obtaining a license pursuant to this
act, unless exempt under subsection B of Section 3 of this act. A
separate license is required for each location where deferred
deposit loans are made. The licensee shall post its license to
engage in the business of making deferred deposit loans at each
licensed location.
B. The Administrator may initiate administrative action against
an unlicensed person as if the person held a license under this act
if the person is found to be engaged in the business of making
deferred deposit loans.
C. The Administrator may issue a license for each location at
which deferred deposit loans are to be made to any person making
deferred deposit loans at multiple locations; provided, if such
licensee is not in compliance with this act as to each license, any
action to revoke, suspend or not renew one license shall be
applicable to all licenses issued to that licensee. This subsection
shall not be construed to require a license for any place of
business devoted to accounting or other record keeping and where
deferred deposit loans are not made.
D. When a licensee wishes to move a licensed location to
another licensed location, the licensee shall give thirty (30) days’
written notice to the Administrator, who shall amend the license
accordingly.
A. No person may engage in the business of making deferred
deposit loans without first obtaining a license pursuant to this
act, unless exempt under subsection B of Section 3 of this act. A
separate license is required for each location where deferred
deposit loans are made. The licensee shall post its license to
engage in the business of making deferred deposit loans at each
licensed location.
B. The Administrator may initiate administrative action against
an unlicensed person as if the person held a license under this act
if the person is found to be engaged in the business of making
deferred deposit loans.
C. The Administrator may issue a license for each location at
which deferred deposit loans are to be made to any person making
deferred deposit loans at multiple locations; provided, if such
licensee is not in compliance with this act as to each license, any
action to revoke, suspend or not renew one license shall be
applicable to all licenses issued to that licensee. This subsection
shall not be construed to require a license for any place of
business devoted to accounting or other record keeping and where
deferred deposit loans are not made.
D. When a licensee wishes to move a licensed location to
another licensed location, the licensee shall give thirty (30) days’
written notice to the Administrator, who shall amend the license
accordingly.
Status: in_force · Read it on the official government site
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