Oklahoma § 59-3150.4 - Application for licensure
Full text of Oklahoma Oklahoma Statutes § 59-3150.4 — Application for licensure, with citation guidance and answers to common questions.
§ 59-3150.4. Application for licensure
A. On and after January 1, 2020, a person may apply for
licensure pursuant to the Oklahoma Small Lenders Act; provided,
however, no person is authorized to make any small loan pursuant to
this act until August 1, 2020, and thereafter; and provided further,
such person making any small loan must be in possession of a valid
license issued pursuant to this act.
B. Each application for a license shall be in a form
established by the Administrator of the Department of Consumer
Credit by promulgation of an administrative rule and shall include
the following:
1. The legal name, residence and business address of the
applicant and, if the applicant is a partnership, association or
corporation, the legal name, residence and business address of every
member, officer, managing employee and director of the applicant;
2. Every person licensed under this act shall maintain an agent
in this state for service of process. The name, address, telephone
number and electronic mail address of the agent shall be filed with
the application. The Administrator shall be notified in writing by
the licensee at least five (5) days prior to any change in the
status of an agent; and
3. Other data and information the Administrator may require
about the applicant, its directors, trustees, officers, members,
managing employees or agents.
Added by Laws 2019, c. 89, § 6, eff. Nov. 1, 2019.
Frequently Asked Questions About Oklahoma § 59-3150.4
What does Oklahoma Statutes § 59-3150.4 cover?
Section 59-3150.4 ("Application for licensure") 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 § 59-3150.4?
A common citation format is "Oklahoma Statutes § 59-3150.4" (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 § 59-3150.4 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.