§ 3116. Additional powers of Administrator
Oklahoma Statutes AnnotatedTitle 59. Professions and Occupations
59 Okl.St.Ann. § 3116
§ 3116. Additional powers of Administrator
A. In addition to other powers granted by this act,1 the Administrator of Consumer Credit may, within the limitations provided by law:
2. Establish a complaint process whereby an aggrieved debtor or a member of the public may file a complaint against a licensee or nonlicensee who violates any provision of this act. The Administrator shall hold hearings upon the request of a party to the complaint, make findings of fact and conclusions of law, issue cease and desist orders and suspend or revoke a license granted under this act;
5. With approval of the Commission on Consumer Credit, promulgate, amend and repeal administrative rules to carry out the provisions of the act, as provided by the Administrative Procedures Act.2
B. The Administrator may conduct a study regarding the system of verification of the existence of deferred deposit loans as provided in paragraph 2 of subsection B of Section 9 of this act3 to determine:
The Administrator shall consult with representatives of deferred deposit lenders, advocates for consumers of this state and other interested parties to conduct the study. The Administrator shall issue a report of any such findings to the President Pro Tempore of the Senate and the Speaker of the House of Representatives not later than December 1, 2004.
Credits
Laws 2003, c. 240, § 16, eff. Sept. 1, 2003.
Footnotes
Title 59, § 3101 et seq.
Title 75, § 250 et seq.
O.S.L.2003, c. 240, § 9 [Title 59, § 3109].
59 Okl. St. Ann. § 3116, OK ST T. 59 § 3116
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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