OK SB520

Amends the Oklahoma Consumer Credit Code to exclude supervised lenders from automatic dollar amount adjustments tied to the Consumer Price Index, removing them from the indexing mechanism in Section 1-106.

Increases maximum loan finance charges for supervised lenders in Section 3-508A: raises the tiered interest rate limits from 30%, 21%, and 15% to 27%, 24%, and 21% respectively, and raises the dollar thresholds at which these rates apply (e.g., from $300 to $2,910 for the lowest tier).

Permits supervised lenders to charge loan origination fees of up to 2% of the loan amount (non-revolving loans) or 2% of the line of credit (revolving loans), capped at a maximum of $50, with these fees being non-refundable.

Establishes an administrative enforcement mechanism in Section 6-108 allowing the Administrator to impose fines between $100 and $2,500 per violation (maximum $5,000 per incident) against supervised lenders for violations of the Consumer Credit Code.

Effective July 1, 2013, with emergency clause allowing immediate enactment.