§14A-6-508. Bond.
Before assuming office, the Administrator shall give a bond in the sum of Fifty Thousand Dollars ($50,000.00) payable to the State of Oklahoma, to be approved by the Attorney General of the State of Oklahoma, conditioned that he will faithfully execute the duties of his office. The Administrator may by rule or order require any […]
§14A-6-509. Internal organization.
The internal administrative organization of the Department shall be determined by the Commission in such manner as to promote the efficient and effective enforcement of this act. Added by Laws 1969, c. 352, § 6-509, eff. July 1, 1969.
§14A-6-510. Employees – Duties – Compensation.
The Administrator shall prepare in writing a manual of necessary employee positions for the Department, including job classifications, personnel qualifications, duties, maximum and minimum salary schedules, and other personnel information for approval by the Commission. The Administrator may, with the approval of the Commission, select, appoint and employ such accountants, attorneys, auditors, examiners, clerks, stenographers […]
§14A-9-101. Time of taking effect – Provisions for transition.
(1) Except as otherwise provided in this section, this act takes effect at 12:01 a. m. on July 1, 1969. (2) To the extent appropriate to permit the Administrator to prepare for operation of this act when it takes effect and to act on applications for licenses to make supervised loans under this act (subsection […]
§14A-6-501. Department of Consumer Credit – Commission on Consumer Credit – Administrator of Consumer Credit – Consumer Credit Advisory Committee.
There is hereby created: (a)the Department of Consumer Credit, (b)the Commission on Consumer Credit. The Commission shall be the policy-making and governing authority of the Department and shall appoint the Administrator and be responsible for the enforcement of the Uniform Consumer Credit Code, (c)the Office of Administrator of Consumer Credit, and (d)the Consumer Credit Advisory […]
§14A-6-502. Members of Commission.
A. The Commission on Consumer Credit shall consist of nine (9) members to be appointed by the Governor by and with the advice and consent of the Senate. The State Banking Commissioner shall be an ex officio voting tenth member of the Commission. B. It is unlawful for any member of the Commission, the Administrator […]
§14A-6-503. Appointment of Commission members – Terms of office – Bipartisan composition.
The Governor annually shall appoint one Commission member to serve at large for a term of five (5) years, expiring on January 1. However, for the initial appointments, the Governor shall appoint five at-large members, and designate one member to serve for a term of one (1) year; one member to serve for a term […]
§14A-6-504. Chairman – Meetings – Quorum – Minutes – Reports – Records – Rules and regulations.
The Commission shall select a chair and is hereby authorized to adopt rules for conducting its proceedings. A majority of the voting members shall constitute a quorum for transacting Commission business. The Commission may meet monthly on such date as it may designate and may meet at such other times as it may deem necessary, […]
§14A-6-506. Qualifications and remuneration of administrator.
The Administrator of the Commission on Consumer Credit shall be a person of good moral character, at least twenty-five (25) years of age, and a resident taxpayer of Oklahoma, and shall have a minimum of five (5) years’ experience with consumer credit and consumer transactions. The Commission may also require additional qualifications. The Administrator, while […]
§14A-6-507. Deputy Administrator.
The Administrator, with the approval of the Commission, may designate a deputy administrator, who shall satisfy and meet the same qualifications, including bond, required for the Administrator and who shall perform all the duties required to be performed by the Administrator when the Administrator is absent or unable to act for any reason. Added by […]