Okla. Stat. tit. 27A, § 27A-2-3-301: Renewal of license - Renewal fee - Penalty fee -

Promulgation of rules.

The holder of any license issued under the provisions of this

Code which is renewable by payment of a fee shall be entitled to

thirty (30) days after the expiration date thereof in which to renew

the same, without penalty, and if he fails to pay the renewal fee

within such thirty-day period, he shall, unless otherwise provided

in this Code, be required to pay the renewal fee plus a penalty fee

in an amount as promulgated by rule. Such penalty fee shall not

exceed the amount of the renewal fee. In the case of any renewal

fee which shall exceed Ten Thousand Dollars ($10,000.00), the

penalty fee shall be one and one-half percent (1.5%) per month of

the outstanding balance of the renewal fee. The Board may

promulgate rules which prohibit the renewal of any license which has

expired by more than ninety (90) days.