{"data":{"id":"us-ok/okla.-stat.-tit.-6-6-1513","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 6, § 6-1513","heading":"Registration application - License - List of persons given","body":"money transmitter equipment - Fees - Violation and punishment\n\nA. No person shall engage in the money services business in\n\nthis state without first securing a license to do so from the\n\nCommissioner. Any person acting as agent or authorized delegate for\n\nany licensee under the Oklahoma Financial Transaction Reporting Act\n\nshall prominently display a copy of the principal's license\n\ncertificate at each place of business of the agent or authorized\n\ndelegate where money transmitter services are offered. It shall be\n\nthe responsibility of the licensee to provide a copy of the license\n\ncertificate to each agent or authorized delegate for display and to\n\nobtain the return of such copy if an agent or authorized delegate is\n\nno longer authorized to conduct business on behalf of a licensee.\n\nB. Upon the effective date of this act, a supplier shall\n\nprovide to the Commissioner, on a form prescribed by the\n\nCommissioner, a list of each person to whom money transmitter\n\nequipment has been provided. A licensee shall provide the\n\nCommissioner a list of each person acting in Oklahoma as agent or\n\nauthorized delegate on behalf of the licensee. The list shall be\n\nupdated each calendar quarter and shall be provided to the\n\nCommissioner within thirty (30) days after the close of the calendar\n\nquarter. The updated list shall reflect any additional persons to\n\nwhom money transmitter equipment has been provided since the last\n\nreporting period. The list need only identify those persons for\n\nwhom the supplier has an address in this state or who the supplier\n\nreasonably believes to be operating in this state.\n\nC. Each application filed for issuance or renewal of a money\n\ntransmitter license must be accompanied by a fee in an amount\n\nprescribed by the board. Notwithstanding any other deadlines or\n\nterms prescribed by the board, a money transmitter license\n\ncertificate may be issued without a termination date; provided,\n\nhowever, the license certificate must be renewed no later than\n\nDecember 31 each calendar year.\n\nD. Any person who violates the provisions of this section\n\nshall, upon conviction, be guilty of a misdemeanor punishable by a\n\nfine of not less than One Thousand Dollars ($1,000.00), or by\n\nimprisonment in the county jail for not more than one (1) year, or\n\nby both such fine and imprisonment. Each day that any violation of\n\nthis section occurs or continues shall constitute a separate offense\n\nand shall be punishable as a separate violation.\n\nE. Any licensee providing money transmission services to\n\nOklahoma residents primarily through electronic means must maintain\n\nsecurity in the amount prescribed by rule of the board but not less\n\nthan Two Hundred Thousand Dollars ($200,000.00).\n\nF. All fees collected under this section shall be deposited in\n\nthe Department revolving fund pursuant to Section 211.1 of this\n\ntitle.","path":["OK Code","Title 6"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os6.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"8f8b2cdac0566b0f83f4931dbea9e72bc78ff95d6a92d9b5a1cf3e335beddae0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-6-6-1512","next":"us-ok/okla.-stat.-tit.-6-6-1514"},"notice":"GroundRules: Original legal text. Not legal advice."}