Supervised Lender

14A O.S. 1-101
Oklahoma Administrative Code: Title 160, Chapters 1, 3, 5, 10, 20, 25, 45, 65

This license allows a lender, as a business, to make or take assignment of supervised loans from other Consumer Credit organizations.

The approval process for this license requires up to 90 days to complete.

The fees for this license include a $425.00 one-time investigation fee, a $290.00 license fee and a $500.00 examination fee of books and records for a total of $1215.00

This license is valid for one year, beginning on January 1st.

The business must have a $5,000 surety bond, and a financial statement showing net assets of at least $25,000.