Oklahoma § 59-1505 - Issuance or denial of license - Fees

§ 59-1505. Issuance or denial of license - Fees

A. Upon the filing of an application and bond and payment of an

annual license fee and an investigation fee, the Administrator of

Consumer Credit shall conduct an investigation. If the

Administrator finds that the financial responsibility, experience,

character and general fitness of the applicant are such as to

warrant belief that the business will be operated lawfully and

fairly, within the purposes of the Oklahoma Pawnshop Act, and the

applicant meets the eligibility requirements of Section 1503A of

this title, the Administrator shall grant the application and issue

to the applicant a license which will evidence the applicant’s

authority to do business under the provisions of the Oklahoma

Pawnshop Act.

B. If the Administrator does not so find facts sufficient to

warrant issuance of a license, the Administrator shall notify the

applicant. If within thirty (30) days of such notification the

applicant requests a hearing on the application, a hearing shall be

held within sixty (60) days after the date of the request. In the

event of the denial of a license, the investigation fee shall be

retained by the Administrator, but the annual license fee shall be

returned to the applicant.

C. The Administrator shall grant or deny each application for

license within sixty (60) days from its filing with the required

fees, or from the hearing thereon, if any, unless the period is

Oklahoma Statutes - Title 59. Professions and Occupations

extended by written agreement between the applicant and the

Administrator.

D. No license to engage in the business of a pawnbroker shall

be issued for any location where a license has been issued and is in

effect under the provisions of Section 3-501 et seq. of Title 14A of

the Oklahoma Statutes. The word "location" as used in this

subsection means the entire space in which a Title 14A licensee

conducts business. No pawnshop may be connected with any location

in which a Title 14A licensee conducts business, except by a

passageway to which the public is not admitted.

Added by Laws 1972, c. 255, § 5. Amended by Laws 1987, c. 208, §

44, operative July 1, 1987; Laws 1987, c. 236, § 70, emerg. eff.

July 20, 1987; Laws 1988, c. 191, § 1, eff. Nov. 1, 1988; Laws 2009,

c. 431, § 3, eff. July 1, 2009; Laws 2010, c. 415, § 14, eff. July

1, 2010.