Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 160. Department of Consumer Credit |
Chapter 55. Mortgage Brokers, Mortgage Lenders and Mortgage Loan Originators |
Subchapter 9. Enforcement |
SECTION 160:55-9-5. Hearing procedure-emergency actions
Latest version.
- (1) If the public health, safety, or welfare imperatively requires emergency action, such action, including the suspension of a license instanter or a cease and desist instanter, may be ordered pending the final outcome of proceedings instituted by the Administrator [75:314(C)(2) and 314.1]. An emergency order shall include an order for a hearing as required by administrative rule 160:3-1-4(j) and shall also be served as provided by administrative rule 160:3-1-4(j).(2) The notice shall:(A) state the time, place and nature of the hearing;(B) state the legal authority and jurisdiction for the hearing;(C) refer to the statutory sections and rules involved; and(D) state the matters asserted briefly and plainly [75:309(B)(1) - (4)].(b) Hearing. All parties shall be afforded the opportunity to respond and present evidence and argument on all points at issue [75:309(C)], and shall have the right to counsel [75:310(5)].(c) Standard of proof. The standard of proof is clear-and-convincing evidence. Clear and convincing evidence is that measure or degree of proof which will produce in the mind of the trier of fact a firm belief or conviction as to the truth of the allegation sought to be established.(d) Order.(1) The Administrator shall issue an order in accordance with administrative rule 160:3-1-4(i).(2) The order shall:(A) be in writing;(B) state findings of fact that shall be limited to the evidence from the hearing unless the parties agree otherwise on the record;(C) state conclusions of law;(D) state the effective date; and(E) be delivered in person or by certified mail with return receipt requested [75:309(H) and 312].