Okla. Stat. tit. 6, § 6-511
This is the official text of Okla. Stat. tit. 6, § 6-511, 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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Industrial loan company - Industrial bank - Definition
Official statutory text
As used in this act, an “industrial loan company” or “industrial
bank” means a company that is chartered by another state to make
consumer loans or commercial loans or to accept deposits insured by
the Federal Deposit Insurance Corporation but not to accept demand
deposits and that is not subject to the Bank Holding Company Act of
1987 or to supervision by the Federal Reserve System.
bank” means a company that is chartered by another state to make
consumer loans or commercial loans or to accept deposits insured by
the Federal Deposit Insurance Corporation but not to accept demand
deposits and that is not subject to the Bank Holding Company Act of
1987 or to supervision by the Federal Reserve System.
Status: in_force · Read it on the official government site
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