Okla. Stat. tit. 14A, § 14A-3-502: Authority to make supervised loans - Administrative

actions against unlicensed persons.

(1) Unless a person is a supervised financial organization or

has first obtained a license from the Administrator authorizing the

person to make supervised loans, a person shall not engage in the

business of:

(a) making supervised loans; or

(b) taking assignments and undertaking direct collection

of payments from or enforcement of rights against

debtors arising from supervised loans.

(2) In addition to civil and criminal penalties, the

Administrator may initiate administrative action against an

unlicensed person as if the person held a license if the person is

found to be engaging in the business of making supervised loans.