Okla. Stat. tit. 6, § 6-1512

This is the official text of Okla. Stat. tit. 6, § 6-1512, part of Oklahoma’s Stat. tit. 6, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 6,." Browse the sections below, each linked to its official government source.

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Definitions

Official statutory text

As used in this act:

1. "Board" means the Banking Board;

2. "Commissioner" means the State Banking Commissioner;

3. "Currency" or "funds" means the coin and paper money of the

United States or of any other country that is designated as legal

tender and that circulates and is customarily used and accepted as a

medium of exchange in the country of issuance. Currency includes

U.S. silver certificates, U.S. notes, and Federal Reserve notes.

Currency also includes official foreign bank notes that are

customarily used and accepted as a medium of exchange in a foreign

country;

4. "Department" means the Oklahoma State Banking Department;

5. "Licensee" means a person granted a license by the

Commissioner to engage in business as a money transmitter;

6. "Money services business" includes each agent, agency,

branch, or office within the State of Oklahoma of any person doing

business, whether or not on a regular basis or as an organized

business concern, as a money transmitter or in one or more of the

capacities otherwise identified and defined by the Board. The term

"money services business" shall not include a "bank" as that term is

defined in Title 31, Code of Federal Regulations, Chapter X, nor

shall it include a person registered with and regulated or examined

by the Securities and Exchange Commission or the Commodity Futures

Trading Commission;

7. "Money transmitter" means any person who engages in the

business of accepting currency or funds denominated in currency, and

transmits the currency or funds or the value of the currency or

funds, by any means through a financial agency or institution, a

Federal Reserve Bank or other facility of one or more Federal

Reserve Banks, the Board of Governors of the Federal Reserve System

or both, or an electronic funds transfer network;

8. "Money transmitter equipment" means any type of terminal,

machine, computer software, access to any network, or any other type

of tangible or intangible apparatus or system, or any combination

thereof, that may be used by a money transmitter to initiate a

transmittal of currency;

9. "Person" includes an individual, corporation, partnership,

limited partnership, limited liability company, trust or estate,

Oklahoma Statutes - Title 6. Banks and Trust Companies Page 191

joint stock company, association, syndicate, joint venture, or other

unincorporated organization or group, Indian tribe, and all entities

cognizable as legal personalities; and

10. "Supplier" means any person that utilizes, designates or

otherwise authorizes another person, whether or not designated as an

agent, to perform services of a money transmitter, or who provides

money transmitter equipment to a person in connection therewith.

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.