{"data":{"id":"us-ok/okla.-stat.-tit.-47-47-1142","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 47, § 47-1142","heading":"Service Oklahoma Licensed Operator Account","body":"A. There is hereby created as an official depository of Service\n\nOklahoma a special agency account. Service Oklahoma is hereby\n\nauthorized and directed to assign an appropriate and distinctive\n\nnumber or designation for the account herein created which shall be\n\ndesignated the Service Oklahoma Licensed Operator Account. Service\n\nOklahoma shall assign an appropriate and distinctive subaccount\n\nnumber or designation for each licensed operator. Every licensed\n\noperator appointed under the provisions of the Oklahoma Vehicle\n\nLicense and Registration Act shall safeguard and preserve, in the\n\nmanner herein required, all monies paid to such licensed operator\n\nwhich the licensed operator is bound to account for and pay over to\n\nService Oklahoma.\n\nB. Each licensed operator shall establish, in a bank or banks\n\nauthorized to do a banking business in the state, such special\n\nlicensed operator account and at any time that the licensed operator\n\naccumulates a total amount of receipts of One Hundred Dollars\n\n($100.00) or more then such licensed operator shall deposit within a\n\nperiod of one (1) banking business day after the close of business,\n\nall receipts which the licensed operator is obligated to account for\n\nand remit to Service Oklahoma in the designated Service Oklahoma\n\nLicensed Operator Account and no such monies shall be deposited in\n\nany other banks or other depositories unless the bank accounts are\n\nmaintained by Service Oklahoma. Provided that, where a licensed\n\noperator is doing business in a municipality where there is no bank\n\nlocated, such licensed operator shall have a period of three (3)\n\nbanking business days after the close of business to make such\n\ndeposits. Advice of deposit receipts or duplicate deposit receipts,\n\nin a form and in an amount prescribed by Service Oklahoma, shall be\n\nobtained and preserved as directed by Service Oklahoma. One shall\n\nbe retained by the licensed operator, and one shall be immediately\n\nforwarded to Service Oklahoma. Withdrawals or transfers from such\n\nLicensed Operator Service Oklahoma Account shall be made only by the\n\nduly authorized agent of Service Oklahoma. That part of the\n\nlicensed operator’s fees to be retained by the licensed operator as\n\nthe licensed operator’s personal compensation shall not be deposited\n\nin the Service Oklahoma Licensed Operator Account.\n\nEach licensed operator shall submit the appropriate reports\n\ndesignated by Service Oklahoma to properly account for all funds,\n\nregardless of source, received by a licensed operator in the\n\nperformance of the licensed operator’s duties. Reports shall cover\n\na period from the first day of the month to the fifteenth day of the\n\nmonth and from the sixteenth day of the month to the last day of the\n\nmonth. It shall be the responsibility of the licensed operator to\n\nmail or deliver such reports and all documents of all transactions\n\nto Service Oklahoma within a time period to be established by\n\nService Oklahoma.\n\nC. Licensed operators shall deposit in such account all monies,\n\ntaxes and fees collected and received by them as such licensed\n\noperators, which they are obligated to account for and remit to\n\nService Oklahoma, and it is specifically required that checks or\n\nsimilar instruments accepted or received by such licensed operators\n\nfor taxes or fees must be deposited in such account, less any amount\n\nprovided by this section and Sections 2-117 and 1113.3 of this title\n\nthat the licensed operators are entitled to retain as fees.\n\nNo licensed operator shall withdraw any funds from the licensed\n\noperator’s licensed operator account. All checks, drafts, orders\n\nand vouchers so deposited shall bear an endorsement to the licensed\n\noperator account which endorsement shall include the assigned\n\naccount number and the licensed operator’s subaccount number. Items\ns title\n\nthat the licensed operators are entitled to retain as fees.\n\nNo licensed operator shall withdraw any funds from the licensed\n\noperator’s licensed operator account. All checks, drafts, orders\n\nand vouchers so deposited shall bear an endorsement to the licensed\n\noperator account which endorsement shall include the assigned\n\naccount number and the licensed operator’s subaccount number. Items\n\ndeposited shall be credited at par and should payment be refused on\n\nany such check, draft, order or voucher, or should the same prove\n\notherwise worthless, the amount thereof shall not be charged by\n\nService Oklahoma against the individual subaccounts of the licensed\n\noperator. The licensed operator shall continue to attempt to\n\nrequire proper payment of all such worthless items, but shall not be\n\npersonally liable to Service Oklahoma for his or her payment.\n\nService Oklahoma or the licensed operator shall charge the person\n\nissuing the check a fee of Twenty-five Dollars ($25.00) for each\n\ncheck to cover the costs of the processing of each returned check,\n\nand all necessary travel expenses of collection, as provided by the\n\nState Travel Reimbursement Act; provided, such charge shall not be\n\nmade unless efforts have been made to present such check, draft,\n\norder or voucher for payment a second time. Any licensed operator\n\nwho collects a dishonored check pursuant to the provisions of\n\nSection 1121 of this title shall also collect a fee of Twenty-five\n\nDollars ($25.00) and shall be entitled to retain such fee.\n\nD. It is specifically provided that nothing in this section\n\nshall be considered or construed as in any way affecting, relieving\n\nor relinquishing the liability of such licensed operator to Service\n\nOklahoma for any monies collected by the licensed operator and due\n\nthe state or the liability of such licensed operator or any surety\n\non or under the licensed operator’s bond made to Service Oklahoma.\n\nUnless provided otherwise, any licensed operator who fails to\n\ncomply with any provision of this section shall pay a penalty to be\n\nimposed by Service Oklahoma. Monies collected for payment of the\n\npenalty shall be deposited to the credit of the General Revenue Fund\n\nof the State Treasury. Any licensed operator who pays a penalty\n\npursuant to this section shall not allocate his or her payment\n\nthereof as a part of his or her operating expenses, but shall use\n\nhis or her personal funds for payment of the penalty. Such penalty\n\nshall be equal to one percent (1%) of the gross amount of the\n\nreceipts received by the licensed operator for that particular day\n\nthat the licensed operator fails to deposit all such funds required\n\nby this section or one percent (1%) of the gross amount of the\n\nreceipts received by the licensed operator for the report period\n\nthat the licensed operator fails to timely mail the required report\n\nor remit any excess licensed operator funds as provided in\n\nsubsection B of this section. Such penalty shall be increased to\n\nthree percent (3%) of the gross amount of the receipts received for\n\nthat particular day if the licensed operator fails to fulfill any of\n\nthe requirements within a period of five (5) days. Provided that\n\nsuch penalty shall be three percent (3%) of the gross amount of the\n\nreceipts received by the licensed operator for the report period\n\nthat the licensed operator fails to timely mail the required report\n\nor remit any excess licensed operator funds as provided in\n\nsubsection B of this section if the licensed operator fails to\n\nfulfill these requirements within five (5) days.\n\nThe Service Oklahoma Operator Board may waive the penalty for\n\nfailing to timely file the accounting report required by this\n\nsection if the Service Oklahoma Operator Board finds that:\n\n1. The funds to which the report applies have been properly\n\ndeposited;\n\n2. The failure to timely file the report was due to emergency\ne licensed operator fails to\n\nfulfill these requirements within five (5) days.\n\nThe Service Oklahoma Operator Board may waive the penalty for\n\nfailing to timely file the accounting report required by this\n\nsection if the Service Oklahoma Operator Board finds that:\n\n1. The funds to which the report applies have been properly\n\ndeposited;\n\n2. The failure to timely file the report was due to emergency\n\nconditions beyond the control of the licensed operator; and\n\n3. The report has been filed within a week of the date on which\n\nit was required to be filed.","path":["OK Code","Title 47"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os47.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"a0a8ed44edc0bc3c0df573972b58ba83a18f8e1d09458b2242969c68795389a0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-47-47-1141.1","next":"us-ok/okla.-stat.-tit.-47-47-1142.1"},"notice":"GroundRules: Original legal text. Not legal advice."}