Okla. Stat. tit. 14A, § 6-203
Annual Fee - Late Fee - "Licensee" and "License" Defined
Effective Jul 1, 1986Laws 1969, HB 1131, c. 352, § 6-203, emerg. eff. July 1, 1969. Amended by Laws 1984, SB 376, c. 200, § 3, emerg. eff. July 1, 1984; Amended by Laws 1986, SB 404, c. 208, § 4, emerg. eff. July 1, 1986.
- (1) Any person required to file notification pursuant to the provisions of Section 6-201 of this title, on or before January 31 of each year, shall pay to the Administrator an annual fee of Twenty Dollars ($20.00) for that year.
- (2) Persons required to file notification pursuant to the provisions of Section 6-201 of this title who are sellers, lessors, or lenders shall pay an additional fee, at the time and in the manner stated in subsection (1) of this section, of Ten Dollars ($10.00) for each One Hundred Thousand Dollars ($100,000.00), or part thereof, in excess of One Hundred Thousand Dollars ($100,000.00) of the original unpaid balances arising from consumer credit sales, consumer leases, and consumer loans made in this state within the preceding calendar year and held either by the seller, lessor, or lender for more than thirty (30) days after the inception of the sale, lease, or loan giving rise to the obligations, or held by an assignee who has not filed notification. A refinancing of a sale, lease, or loan resulting in an increase in the amount of an obligation is considered a new sale, lease, or loan to the extent of the amount of the increase.
- (3) Persons required to file notification pursuant to the provisions of Section 6-201 of this title who are assignees shall pay an additional fee, at the time and in the manner stated in subsection (1) of this section, of Ten Dollars ($10.00) for each One Hundred Thousand Dollars ($100,000.00), or part thereof, of the unpaid balances at the time of the assignment of obligations arising from consumer credit sales, consumer leases, and consumer loans made in this state taken by assignment during the preceding calendar year, but an assignee need not pay a fee with respect to an obligation on which the assignor or other person has already paid a fee.
- (4) All fees collected pursuant to the provisions of this section shall be deposited into the General Revenue Fund of the State Treasury.
Laws 1969, HB 1131, c. 352, § 6-203, emerg. eff. July 1, 1969. Amended by Laws 1984, SB 376, c. 200, § 3, emerg. eff. July 1, 1984; Amended by Laws 1986, SB 404, c. 208, § 4, emerg. eff. July 1, 1986.