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OK SB376
Bill
AI Summary
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Updates the Uniform Consumer Credit Code by clarifying language throughout, including changing "this act" to "the Uniform Consumer Credit Code" in applicable sections of Title 14A
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Authorizes municipalities and public trusts with municipality beneficiaries to charge convenience fees limited to bank processing fees, financial transaction fees, secure transaction costs, portal fees, and bandwidth compensation for online transactions
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Permits aggrieved parties to obtain judicial review of final agency orders from the Administrator of Consumer Credit, with jurisdiction and venue specified in the district court of Oklahoma County
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Establishes a Consumer Credit Advisory Committee appointed by the Commission on Consumer Credit, composed of representatives from various licensed entities and trade associations, authorized to advise the Commission and review fees applicable to licensees
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Becomes effective November 1, 2015
Legislative Description
Consumer credit; authorizing municipalities and certain municipal public trusts to charge fees; permitting judicial review. Effective date.
Last Action
Approved by Governor 05/12/2015
5/12/2015