OK SB375

Modifies license expiration provisions for supervised loan lenders, credit service organizations, and pawnshops to expire on December 31 of any year for which an annual fee has not been paid, rather than automatically expiring 15 days after delinquency notice.

Requires all licensees to pay annual renewal fees on or before December 1 of each year to the Administrator of Consumer Credit for the succeeding calendar year.

Imposes late fees, as prescribed by rule, for any license renewed after December 1.

Maintains existing requirements that supervised loan lenders hold minimum net assets of $25,000 and that separate licenses are required for each office or business location.

Effective November 1, 2015.