{"data":{"id":"us-ok/okla.-stat.-tit.-24-24-132","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 24, § 24-132","heading":"Definitions","body":"As used in the Credit Services Organization Act:\n\n1. \"Buyer\" means any individual who is solicited to purchase or\n\nwho purchases the services of a credit services organization;\n\n2. a. \"Credit services organization\" means any person who,\n\nwith respect to the extension of credit by others,\n\nsells, provides, performs, or represents that the\n\nperson can or will sell, provide, or perform, in\n\nreturn for the payment of money or other valuable\n\nconsideration from any source, any of the following\n\nservices more than twelve times in a calendar year:\n\n(1) improving a buyer's credit record, history, or\n\nrating,\n\n(2) obtaining an extension of credit for a buyer, or\n\n(3) providing advice or assistance to a buyer with\n\nregard to division (1) or (2) of this\n\nsubparagraph,\n\nb. \"Credit services organization\" does not include:\n\n(1) any person authorized to make loans or extensions\n\nof credit under the laws of this state or the\n\nUnited States who is subject to regulation and\n\nsupervision by this state or the United States or\n\na lender approved by the United States Secretary\n\nof Housing and Urban Development for\n\nparticipation in any mortgage insurance program\n\nunder the National Housing Act,\n\n(2) any bank, savings and loan institution or credit\n\nunion whose deposits or accounts are eligible for\n\ninsurance by the Federal Deposit Insurance\n\nCorporation, the Federal Savings and Loan\n\nInsurance Corporation, or the National Credit\n\nUnion Administration or a subsidiary of such\n\nbank, savings and loan institution or credit\n\nunion,\n\n(3) any nonprofit organization exempt from taxation\n\nunder Section 501(c)(3) of the Internal Revenue\n\nCode,\n\n(4) any person licensed as a real estate broker by\n\nthis state if the person is acting within the\n\ncourse and scope of that license,\n\n(5) any person licensed to practice law in this state\n\nif the person renders services within the course\n\nand scope of the practice of the person as an\n\nattorney,\n\n(6) any broker-dealer registered with the Securities\n\nand Exchange Commission or the Commodity Futures\n\nTrading Commission if the broker-dealer is acting\n\nwithin the course and scope of that regulation,\n\n(7) any consumer reporting agency as defined in the\n\nFederal Fair Credit Reporting Act, 15 U.S.C.,\n\nSections 1681 through 1681t,\n\n(8) any person authorized to file electronic income\n\ntax returns who does not receive any\n\nconsideration for refund anticipation loans,\n\n(9) any residential mortgage broker as defined in the\n\nMortgage Broker Licensure Act, or\n\n(10) any insurance company, its affiliates and\n\nsubsidiaries, authorized to do business in this\n\nstate by the Insurance Commissioner, including\n\ninsurance agents licensed in this state;\n\n3. \"Extension of credit\" means the right to defer payment of\n\ndebt or to incur debt and defer its payment offered or granted\n\nprimarily for personal, family, or household purposes, or to anyone\n\nwhose principal occupation is agricultural in nature; and\n\n4. \"Administrator\" means the Administrator of the Department of\n\nConsumer Credit.","path":["OK Code","Title 24"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os24.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"4232a7a3a5f83a18a544d2edf1936d942cb16307092fdd25426a630160317e2a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-24-24-131","next":"us-ok/okla.-stat.-tit.-24-24-133"},"notice":"GroundRules: Original legal text. Not legal advice."}