§ 59-1506. Effect of license - Annual fee.

A.  Each license shall state the name of the licensee and the address at which the business is to be conducted.  The license shall be displayed at the place of business named in the license.  The license shall not be transferable or assignable except upon approval by the Administrator of Consumer Credit.

B.  A separate license shall be required for each pawnshop operated under the Oklahoma Pawnshop Act.

The Administrator may issue more than one license to any one person upon compliance with the provisions of the Oklahoma Pawnshop Act as to each license.  When a licensee wishes to move the licensee’s pawnshop to another location, the licensee shall give thirty (30) days' written notice to the Administrator, who shall amend the license accordingly.

C.  Each license shall remain in full force and effect until relinquished, suspended, revoked or expired.  Every licensee, on or before each December 1, shall pay the Administrator an annual fee for the succeeding calendar year.  If the annual fee remains unpaid fifteen (15) days after written notice of delinquency has been given to the licensee by the Administrator, the license shall thereupon expire, but expiration shall not occur before December 31 of any year for which an annual fee has been paid.

D.  No licensing requirement or license fee shall be required, levied or collected by any municipal corporation of this state; provided that municipal corporations may require the payment of regulatory fees not in excess of Fifty Dollars ($50.00) per annum.

Added by Laws 1972, c. 255, § 6.  Amended by Laws 1988, c. 191, § 2, eff. Nov. 1, 1988; Laws 2009, c. 431, § 4, eff. July 1, 2009; Laws 2010, c. 415, § 15, eff. July 1, 2010.