Okla. Stat. tit. 59, § 59-3150.4
This is the official text of Okla. Stat. tit. 59, § 59-3150.4, 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 for licensure
Official statutory text
A. On and after January 1, 2020, a person may apply for
licensure pursuant to the Oklahoma Small Lenders Act; provided,
however, no person is authorized to make any small loan pursuant to
this act until August 1, 2020, and thereafter; and provided further,
such person making any small loan must be in possession of a valid
license issued pursuant to this act.
B. Each application for a license shall be in a form
established by the Administrator of the Department of Consumer
Credit by promulgation of an administrative rule and shall include
the following:
1. The legal name, residence and business address of the
applicant and, if the applicant is a partnership, association or
corporation, the legal name, residence and business address of every
member, officer, managing employee and director of the applicant;
2. Every person licensed under this act shall maintain an agent
in this state for service of process. The name, address, telephone
number and electronic mail address of the agent shall be filed with
the application. The Administrator shall be notified in writing by
the licensee at least five (5) days prior to any change in the
status of an agent; and
3. Other data and information the Administrator may require
about the applicant, its directors, trustees, officers, members,
managing employees or agents.
licensure pursuant to the Oklahoma Small Lenders Act; provided,
however, no person is authorized to make any small loan pursuant to
this act until August 1, 2020, and thereafter; and provided further,
such person making any small loan must be in possession of a valid
license issued pursuant to this act.
B. Each application for a license shall be in a form
established by the Administrator of the Department of Consumer
Credit by promulgation of an administrative rule and shall include
the following:
1. The legal name, residence and business address of the
applicant and, if the applicant is a partnership, association or
corporation, the legal name, residence and business address of every
member, officer, managing employee and director of the applicant;
2. Every person licensed under this act shall maintain an agent
in this state for service of process. The name, address, telephone
number and electronic mail address of the agent shall be filed with
the application. The Administrator shall be notified in writing by
the licensee at least five (5) days prior to any change in the
status of an agent; and
3. Other data and information the Administrator may require
about the applicant, its directors, trustees, officers, members,
managing employees or agents.
Status: in_force · Read it on the official government site
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