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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 70. Deferred Deposit Lenders |
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Subchapter 1. General Provisions |
SECTION 160:70-1-3. Definitions
Latest version.
- Except as otherwise specifically defined in this section, the definitions set forth in the Act are incorporated herein and made a part hereof. The following words or terms, when used in this chapter, shall have the following meaning, unless the context clearly indicates otherwise:"Act" means the Deferred Deposit Lending Act beginning at §3101 of Title 59 of the Oklahoma Statutes."APA" means the Administrative Procedures Act beginning at §250 of Title 75 of the Oklahoma Statutes."Business Day" means a day on which a deferred deposit lender's office is open to the public for carrying on substantially all of its business functions."Communication" means the conveying of information regarding a deferred deposit loan directly or indirectly to any person through any medium."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 deferred deposit lender, the Department or the office of the court clerk is closed."Debt" means any obligation or alleged obligation of a debtor to pay money arising out of a deferred deposit loan, whether or not such obligation has been reduced to judgment."Department" means the Oklahoma State Department of Consumer Credit."Due Date" means the business day the debtor is scheduled to pay off a deferred deposit loan, which shall expire at the regular closing time of such business day."Location Information" means a debtor's place of abode and his telephone number at such place, or his place of employment.