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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 160. Department of Consumer Credit |
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Chapter 35. Oklahoma Rental-Purchase Act |
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Subchapter 1. General Provisions |
SECTION 160:35-1-2. Definitions
Latest version.
- The following words or terms, when used in this chapter, shall have the following meaning, unless the context clearly indicates otherwise:"Act" means the Oklahoma Rental-Purchase Act beginning at §1950 of Title 59 of the Oklahoma Statutes."Administrator" means the Administrator of the Department."APA" means the Administrative Procedures Act beginning at §250 of Title 75 of the Oklahoma Statutes."Days" mean calendar days. In computing any period of time for communications between a licensee and the Department or a court, the day of the event from which the designated period of time begins to run shall not be included. The last day of the period so computed shall be included, unless it is a day that the lessor, the Department or the office of the court clerk is closed."Department" means the Oklahoma State Department of Consumer Credit."Lessor" means a person who regularly provides the use of property through consumer rental-purchase agreements."Licensee" means a lessor that has been given authority by the Administrator to engage in the rental-purchase business within Oklahoma.