Oklahoma § 59-3150.20 - Written report by licensee after occurrence of certain

§ 59-3150.20. Written report by licensee after occurrence of certain

events.

Within fifteen (15) days of the occurrence of any one of the

following events, a licensee shall file a written report with the

Administrator of the Department of Consumer Credit describing the

event and its expected impact on the activities of the licensee in

this state:

1. The filing for bankruptcy or reorganization by the licensee;

2. Revocation or suspension proceedings instituted against the

licensee by any state or governmental authority;

3. The denial of the opportunity to engage in the business of

making loans by any state or governmental authority;

4. Any felony indictment of the licensee or any of its

directors, officers or principals;

5. Any felony conviction of the licensee or any of its

directors, officers or principals; and

Oklahoma Statutes - Title 59. Professions and Occupations

6. Other events that the Administrator may determine and

identify by administrative regulation.

Added by Laws 2019, c. 89, § 22, eff. Nov. 1, 2019.