{"data":{"id":"us-ok/okla.-stat.-tit.-24-24-146","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 24, § 24-146","heading":"Investigation and examination of books and records","body":"A. At such times as the Administrator of Consumer Credit may\n\ndeem necessary, the Administrator or a duly authorized\n\nrepresentative of the Administrator may make an examination of the\n\nplace of business of each licensee and may inquire into and examine\n\nthe transactions, books, accounts, papers, correspondence and\n\nrecords of such licensee insofar as they pertain to the business\n\nregulated by the Credit Services Organization Act. Such books,\n\naccounts, papers, correspondence and records shall also be open for\n\ninspection at any reasonable time by any peace officer, without any\n\nneed of judicial writ or other process. In the course of an\n\nexamination, the Administrator or a duly authorized representative\n\nof the Administrator shall have free access to the office, place of\n\nbusiness, files, safes and vaults of such licensee, and shall have\n\nthe right to make copies of any books, accounts, papers,\n\ncorrespondence and records. The Administrator or duly authorized\n\nrepresentative, during the course of such examination, may\n\nadminister oaths and examine any person under oath upon any subject\n\npertinent to any matter about which the Administrator is authorized\n\nor required by the Credit Services Organization Act to consider,\n\ninvestigate or secure information. Any licensee who fails or\n\nrefuses to permit the Administrator or duly authorized\n\nrepresentative to examine or make copies of such books or other\n\nrelevant documents shall be deemed to be in violation of the Credit\n\nServices Organization Act and such failure or refusal shall\n\nconstitute grounds for the suspension or revocation of such license.\n\nThe information obtained in the course of any examination or\n\ninspection shall be confidential, except in civil or administrative\n\nproceedings conducted by the Administrator, or criminal proceedings\n\ninstituted by the state. Each licensee shall pay to the\n\nAdministrator an examination fee. The Administrator may require\n\npayment of an examination fee either at the time of initial\n\napplication, renewal of the license, or after an examination has\n\nbeen conducted.\n\nB. For the purpose of discovering violations of the Credit\n\nServices Organization Act or of securing information required by the\n\nCredit Services Organization Act, the Administrator or duly\n\nauthorized representative may investigate the books, accounts,\n\npapers, correspondence and records of any licensee or other person\n\nwho the Administrator has reasonable cause to believe is violating\n\nany provision of the Credit Services Organization Act whether or not\n\nsuch person shall claim to be within the authority or scope of the\n\nCredit Services Organization Act.\n\nC. Each licensee shall keep or make available in this state\n\nsuch books and records relating to credit service transactions made\n\npursuant to the Credit Services Organization Act as are necessary to\n\nenable the Administrator to determine whether the licensee is\n\ncomplying with the Credit Services Organization Act. Such books and\n\nrecords shall be consistent with accepted accounting practices.\n\nD. Each licensee shall preserve or make available such books\n\nand records in this state relating to each of its credit service\n\ntransactions for four (4) years from the date of the transaction, or\n\ntwo (2) years from the date of the final entry made thereon,\n\nwhichever is later. Each licensee's system of records shall be\n\naccepted if it discloses such information as may be reasonably\n\nrequired pursuant to the Credit Services Organization Act. All\n\nagreements signed by customers shall be kept at an office in this\n\nstate designated by the licensee, except when transferred under an\n\nagreement which gives the Administrator access thereto.\n\nE. Each licensee, annually on or before the first day of May or\n\nother date thereafter fixed by the Administrator, shall file a\n\nreport with the Administrator setting forth such relevant\nrganization Act. All\n\nagreements signed by customers shall be kept at an office in this\n\nstate designated by the licensee, except when transferred under an\n\nagreement which gives the Administrator access thereto.\n\nE. Each licensee, annually on or before the first day of May or\n\nother date thereafter fixed by the Administrator, shall file a\n\nreport with the Administrator setting forth such relevant\n\ninformation as the Administrator may reasonably require concerning\n\nthe business and operations during the preceding calendar year for\n\neach licensed place of business conducted by such licensee within\n\nthe state. Such report shall be made under oath and shall be in the\n\nform prescribed by the Administrator, who may make and publish\n\nannually a consolidated analysis and recapitulation of such reports,\n\nbut the individual reports shall be held confidential.","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":"6b10e8cbfa05888f2131da0295aadfba783755b6e5656f65f8abaef49971413f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-24-24-145","next":"us-ok/okla.-stat.-tit.-24-24-147"},"notice":"GroundRules: Original legal text. Not legal advice."}