Oklahoma § 59-3103 - Application of act
Full text of Oklahoma Oklahoma Statutes § 59-3103 — Application of act, with citation guidance and answers to common questions.
§ 59-3103. Application of act
A. The scope of this act shall not apply to a supervised lender
licensed under the Uniform Consumer Credit Code. Further, nothing
in this act shall modify, affect, alter, change or restrict
practices or operations of supervised lenders under the Uniform
Consumer Credit Code, rules of the Oklahoma Department of Consumer
Credit or rules or interpretations of the Administrator of the
Department of Consumer Credit.
B. Except as otherwise provided in subsection A of this
section, the provisions of this act shall apply to all deferred
deposit loans made; provided, the following lenders shall not be
subject to the licensing requirements of this act:
1. A bank, savings institution, credit union or farm credit
system organized under and regulated by the laws of the United
States or any state;
2. Government or governmental agencies or instrumentalities; or
3. Pawnbrokers engaged in pawn transactions as defined in the
Oklahoma Pawnshop Act.
C. The provisions of this act shall apply to transactions if
the lender, wherever located, enters into the transaction with the
debtor by mail, brochure, telephone, print, radio, television,
Internet, or any other means.
Added by Laws 2003, c. 240, § 3, eff. Sept. 1, 2003. Amended by
Laws 2004, c. 557, § 2, emerg. eff. June 10, 2004.
Oklahoma Statutes - Title 59. Professions and Occupations
Frequently Asked Questions About Oklahoma § 59-3103
What does Oklahoma Statutes § 59-3103 cover?
Section 59-3103 ("Application of act") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 59-3103?
A common citation format is "Oklahoma Statutes § 59-3103" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 59-3103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.