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§ 3150.21. Annual report by licensees

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. § 3150.21
§ 3150.21. Annual report by licensees
Currentness
A. Each licensee shall file an annual report with the Administrator of the Department of Consumer Credit on the date of the renewal application required in Section 10 of this act,1 containing the following information:
1. The names and addresses of persons owning a controlling interest in each licensee;
2. The location of all places of business operated by the licensee and the nature of the business conducted at each location;
3. The names and addresses of all affiliated entities regulated under Title 14A of the Oklahoma Statutes doing business in this state;
4. An audited financial statement, including, but not limited to, a balance sheet, statement of income or loss and statement of changes in financial position, for the immediately preceding fiscal year end, prepared in accordance with generally accepted accounting principles by a certified public accountant or public accounting firm, neither of which is affiliated with the licensee; and
5. If the licensee is a corporation, the names and addresses of its officers and directors; if the licensee is a partnership, the names and addresses of the partners; or if the licensee is a limited liability company, the names and addresses of the board of governors or managers of the limited liability company.
B. If the licensee holds two or more licenses or is affiliated with other licensees, a composite report may be filed but shall not be required.
C. The reports shall be filed in a form that may reasonably be required by the Administrator and shall be sworn to by a responsible officer of the licensee.
D. The information submitted by licensees shall be confidential.

Credits

Laws 2019, c. 89, § 23, eff. Nov. 1, 2019.

Footnotes

1
Title 59, § 3150.8.
59 Okl. St. Ann. § 3150.21, OK ST T. 59 § 3150.21
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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