Within fifteen (15) days of the occurrence of any one of the following events, a licensee shall file a written report with the Administrator of the Department of Consumer Credit describing the event and its expected impact on the activities of the licensee in this state: 1. The filing for bankruptcy or reorganization by the licensee;2. Revocation or suspension proceedings instituted against the licensee by any state or governmental authority;3. The denial of the opportunity to engage in the business of making loans by any state or governmental authority;4. Any felony indictment of the licensee or any of its directors, officers or principals;5. Any felony conviction of the licensee or any of its directors, officers or principals; and6. Other events that the Administrator may determine and identify by administrative regulation.Added by Laws 2019, c. 89, § 22, eff. Nov. 1, 2019.
Oklahoma Legal Code