{"data":{"id":"us-ok/okla.-stat.-tit.-59-59-3101.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 59, § 59-3101.1","heading":"Termination of licenses upon implementation of Oklahoma","body":"Small Lenders Act.\n\nAny person licensed pursuant to the Deferred Deposit Lending Act\n\nmay make application for licensure under the Oklahoma Small Lenders\n\nAct beginning on January 1, 2020. Beginning on and after August 1,\n\n2020, no new deferred deposit loan may be entered into or transacted\n\nby a licensee or other person; provided, however, a licensed\n\ndeferred deposit lender may continue to administer and collect all\n\noutstanding deferred deposit loan payments on all loans transacted\n\nbefore August 1, 2020, until such loans are paid in full according\n\nto the terms of the written loan agreements, at which time the\n\nlicensee's authority under the Deferred Deposit Lending Act shall\n\nterminate and expire notwithstanding any period remaining on an\n\nexisting deferred deposit lender's license. All Deferred Deposit\n\nLending Act licenses shall be terminated and be deemed to have\n\nexpired on August 1, 2020, upon the implementation of the Oklahoma\n\nSmall Lenders Act, except as provided herein.","path":["OK Code","Title 59"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os59.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"73dce996058f0540e3d28a848a8193e1867a955234ff43317ca7a5a4d1ac04dc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-59-59-3101","next":"us-ok/okla.-stat.-tit.-59-59-3102"},"notice":"GroundRules: Original legal text. Not legal advice."}