Notification Filing

• O. S. § 14A 6-201 - 6-203 - Uniform Consumer Credit Code
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• Title 160. Department of Consumer Credit - Oklahoma Administrative Code

Person other than a supervised financial organization or licensed supervised lender engaged in making consumer credit sales, consumer leases or consumer loans in the State of Oklahoma OR persons with an office or place of business in Oklahoma that take assignments of and undertake direct collection of payments from or enforcement of rights against debtors arising from consumer credit sales, consumer leases or non-supervised consumer loans. 

"Consumer Credit Sales"; O.S. § 14A 2-104 - Uniform Consumer Credit Code

"Goods"; "Merchandise certificate"; "Sale of an Interest in land"; "Precomputed"; O.S. § 14A 2-105 - Uniform Consumer Credit Code

Pursuant to Subsection 2009(B), Title 14A Sections 6-201 & 6-202 of the Oklahoma Statutes said Health Spas are required to file a Notification with Administrator of the Department of Consumer Credit within thirty (30) days after commencing business if the Spa performs any of the following:

1. allows payments on purchases or services to be made in four or more installments
2. assesses a finance charge or late charge on accounts
3. arranges financing by assignment of a sales contract to a financial institution

This filing may be accomplished by downloading and completing the Notification Filing form, making sure to follow the enclosed guidelines. Submit the application, including supporting documentation and proper fee, to the Department of Consumer Credit.

The approval process may require up to 30 days to complete.