Okla. Stat. tit. 59 § 3150.20

Current through Laws 2024, c. 453.

Section 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

6. Other events that the Administrator may determine and identify by administrative regulation.

Okla. Stat. tit. 59, § 3150.20

Added by Laws 2019 , c. 89, s. 22, eff. 11/1/2019.