§14A-3-503. Application for license – Annual fee – Appointment of statutory agent – Bond – Criminal history check.
(1) Application for a license shall be under oath, shall give the approximate location from which the business is to be conducted, and shall contain such relevant information as the Administrator of Consumer Credit may require. When making application for one or more licenses, the applicant shall pay an investigation fee and an annual license […]
§14A-3-605. Loan finance charge for other loans.
With respect to a loan other than a consumer loan, the parties may contract for the payment by the debtor of any loan finance charge, not in excess of the rate of loan finance charge specified in Section 5-107(2). Added by Laws 1969, c. 352, § 3-605, eff. July 1, 1969. Amended by Laws 1982, […]
§14A-3-504. Issuance or denial of license to make supervised loans.
(1) On filing such application, bond, and payment of the required fees, the Administrator of Consumer Credit shall investigate the facts and if the Administrator shall find the financial responsibility, experience, character and general fitness of the applicant are such as to command the confidence of the public and to warrant belief the business will […]
§14A-3-701. Short title – Oklahoma Private Student Loan Transparency and Improvement Act.
Sections 7 through 11 of this act shall be known and may be cited as the “Oklahoma Private Student Loan Transparency and Improvement Act”. Added by Laws 2013, c. 99, § 7, eff. July 1, 2013.
§14A-3-505. Hearing examiner – Powers – Reinstatement – Certain disclosures required of licensee.
(1) The Administrator of Consumer Credit shall appoint an independent hearing examiner to conduct all administrative hearings involving alleged violations of this title. The independent hearing examiner shall have authority to exercise all powers granted by Article II of the Administrative Procedures Act in conducting hearings. The independent hearing examiner shall recommend penalties authorized by […]
§14A-3-506. Examination of licensees – Access to records – Investigations.
(1) At such times as the Administrator of Consumer Credit shall deem necessary, the Administrator or a duly authorized representative shall make an examination of the place or places of business of each licensee and shall inquire into and examine the loans, transactions, books, accounts, papers, correspondence, and records of such licensee insofar as they […]
§14A-3-507. Application of Administrative Procedure Act to Part.
Except as otherwise provided, the general act of this state governing administrative procedures (Title 75, Oklahoma Statutes, Chapters 7 and 8) applies to and governs all administrative action taken by the Administrator pursuant to this part. Added by Laws 1969, c. 352, § 3-507, eff. July 1, 1969.
§14A-3-508A. Loan finance charge for supervised loans.
(1) With respect to a supervised loan, including a loan pursuant to a revolving loan account, a supervised lender may contract for and receive a loan finance charge not exceeding that permitted by this section. (2) The loan finance charge, calculated according to the actuarial method, may not exceed the equivalent of the greater of […]
§14A-3-508B. Loan finance charge for loans with principal of Three Thousand Dollars or less.
1. On loans having a principal of Three Thousand Dollars ($3,000.00) or less, a supervised lender may charge in lieu of the loan finance charges specified in Section 3-508A of this title, the following amounts: a.on any amount up to and including One Hundred Sixty-one Dollars and ninety-five cents ($161.95), there shall be allowed an […]
§14A-3-508C. Electronic payment processing convenience fee.
A. In addition to the loan finance charges permitted by Sections 3-508A and 3-508B of Title 14A of the Oklahoma Statutes, a lender may contract for and receive a convenience fee from any borrower making his or her payment by debit card, electronic funds transfer, electronic check or other electronic means in order to offset […]