{"data":{"id":"us-ok/okla.-stat.-tit.-14a-14a-6-303","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 14A, § 14A-6-303","heading":"Deposit of fees in Consumer Credit Administrative","body":"Expenses Revolving Fund.\n\nA. Beginning on the effective date of this act, ninety percent\n\n(90%) of all fees and civil penalties collected by the Department of\n\nConsumer Credit pursuant to the Uniform Consumer Credit Code, the\n\nCredit Services Organization Act, the Oklahoma Pawnshop Act, the\n\nPrecious Metal and Gem Dealer Licensing Act, the Oklahoma Rental-\n\nPurchase Act, the Oklahoma Health Spa Act, the Oklahoma Secure and\n\nFair Enforcement for Mortgage Licensing Act and the Deferred Deposit\n\nLending Act shall be deposited in the Consumer Credit Administrative\n\nExpenses Revolving Fund established in Section 6-301 of this title.\n\nB. Beginning on the effective date of this act, ten percent\n\n(10%) of all fees and civil penalties collected by the Department of\n\nConsumer Credit pursuant to the Uniform Consumer Credit Code, the\n\nCredit Services Organization Act, the Oklahoma Pawnshop Act, the\n\nPrecious Metal and Gem Dealer Licensing Act, the Oklahoma Rental-\n\nPurchase Act, the Oklahoma Health Spa Act, the Oklahoma Secure and\n\nFair Enforcement for Mortgage Licensing Act and the Deferred Deposit\n\nLending Act shall be deposited in the General Revenue Fund of the\n\nState Treasury.\n\nC. The provisions of this section shall not apply to fees\n\nreceived for the Oklahoma Mortgage Broker and Mortgage Loan\n\nOriginator Recovery Fund and fees received from deferred deposit\n\nlenders for consumer counseling services pursuant to Section 3119 of\n\nTitle 59 of the Oklahoma Statutes.\n\nD. The Administrator of Consumer Credit may reduce annual\n\nlicense fees on a pro rata basis for a specific renewal period. The\n\nAdministrator shall notify licensees of an annual license fee\n\nreduction prior to November 1 of the specific license renewal\n\nperiod. An annual license fee does not include an initial annual\n\nlicense fee for purposes of this subsection.","path":["OK Code","Title 14A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os14A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"d6aa72108f7f4d47572d967eb22c08120ca981efe75a8ab207cb43475065c738","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-14a-14a-6-302","next":"us-ok/okla.-stat.-tit.-14a-14a-6-501"},"notice":"GroundRules: Original legal text. Not legal advice."}