Oklahoma § 59-3150.14 - Promulgation of administrative rules – Examination and

§ 59-3150.14. Promulgation of administrative rules – Examination and

investigation of books, records and persons – Examination or

investigation fees.

A. The Administrator of the Department of Consumer Credit may

promulgate administrative rules in accordance with the

Administrative Procedures Act for the enforcement of this act.

B. To assure compliance with this act, the Administrator may

examine the relevant business, books and records of any licensee.

Further, for the purposes of discovering violations of this act and

determining whether persons are subject to this act, the

Administrator may examine or investigate persons licensed under this

act and persons reasonably suspected by the Administrator of

conducting business that requires a license under this act by

exercising authority that includes, but is not limited to, the power

to summon witnesses and examine them under oath or affirmation and

to compel the production of books and records that may be relevant

to the examination or investigation.

C. A licensee or unlicensed person subject to the licensing

requirements of this act, that is examined or investigated in

accordance with this act, shall pay to the Administrator the

reasonable and actual expenses of the investigation or examination,

including travel expenses, in addition to the supervision fee of

Seven Hundred Dollars ($700.00). Such reasonable and actual

expenses shall include a fee of Fifty Dollars ($50.00) per hour for

exams lasting more than eight (8) hours. In-state travel expenses

shall comply with such limitations and allowances as provided by the

State Travel Reimbursement Act as found in Section 500.1 et seq. of

Title 74 of the Oklahoma Statutes. The expenses shall be payable in

addition to all other fees, taxes and costs required by law.

Added by Laws 2019, c. 89, § 16, eff. Nov. 1, 2019.