Okla. Stat. tit. 59, § 59-3150.2: License required – Eligibility for licensure

A. Beginning on August 1, 2020, no person shall engage in the

business of making small loans as defined in this act, unless the

person is licensed by the Department of Consumer Credit as provided

by this act. A person shall be deemed to be engaged in the business

of making small loans in this state if the person regularly makes

loans for a fee or induces a consumer, while located in this state,

to enter into a small loan in this state through the use of

facsimile, telephone, Internet or other means. A separate license

shall be required for each location from which the business of

making small loans is conducted.

B. Any nonresident person seeking licensure under this act

shall furnish the Administrator of the Department of Consumer Credit

with the name and address of a resident of this state upon whom

notices or orders issued by the Administrator, or process affecting

a licensee under this act, may be served. A nonresident licensee

shall notify the Administrator in writing of any change in its

designated agent for service of process as provided in paragraph 2

of Section 5 of this act, and the change shall not become effective

until approved by the Administrator.

C. No person doing business under the authority of any law of

Oklahoma or of the United States relating to banks, savings

institutions, trust companies, building and loan associations,

industrial loan associations or credit unions shall be eligible for

licensure under this act.