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§ 3150.17. Violations--Censure, suspension or bar of employment, management or control of a lic...

Oklahoma Statutes AnnotatedTitle 59. Professions and OccupationsEffective: November 1, 2019

Oklahoma Statutes Annotated
Title 59. Professions and Occupations (Refs & Annos)
Chapter 57-1. Oklahoma Small Lenders Act
Effective: November 1, 2019
59 Okl.St.Ann. § 3150.17
§ 3150.17. Violations--Censure, suspension or bar of employment, management or control of a licensee
Currentness
A. The Administrator, after notice and opportunity for a hearing, may censure, suspend for a period not to exceed twelve (12) months or bar a person from any position of employment, management or control of a licensee, if the Administrator finds that the:
1. Censure, suspension or bar is in the public interest and that the person has committed or caused a violation of this act,1 administrative regulation or any rule or order of the Administrator; or
2. Person has been:
a. convicted, pled guilty to or pled nolo contendere to any crime, or
b. held liable in any civil action by final judgment or any administrative judgment by any public agency, if the criminal, civil or administrative judgment involved any offense reasonably related to the qualifications, functions or duties of a person engaged in the business of making small loans pursuant to this act.
B. Persons suspended or barred under this section are prohibited from participating in any business activity of a licensee and from engaging in any business activity on the premises where a licensee is conducting its business. This subsection shall not be construed to prohibit suspended or barred persons from having their personal transactions processed by a licensee.

Credits

Laws 2019, c. 89, § 19, eff. Nov. 1, 2019.

Footnotes

1
Title 59, § 3150 et seq.
59 Okl. St. Ann. § 3150.17, OK ST T. 59 § 3150.17
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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