2019 - Oklahoma

2019

ANNUAL REPORT

DEPARTMENT OF CONSUMER CREDIT STATE OF OKLAHOMA

CONTENTS

ADMINISTRATOR'S ACKNOWLEDGEMENTS _________________________________________________________ 1 MISSION STATEMENT ____________________________________________________________________________________ 2 ADMINISTRATOR'S REPORT _____________________________________________________________________________ 3 COMMISSION ON CONSUMER CREDIT ________________________________________________________________ 8 DEPARTMENT STAFF ____________________________________________________________________________________ 9 ORGANIZATIONAL STRUCTURE ______________________________________________________________________ 10 MORTGAGE LENDERS ___________________________________________________________________________________ 11 MORTGAGE BROKERS _________________________________________________________________________________ 39 MORTGAGE LOAN ORIGINATORS __________________________________________________________________ 54 SUPERVISED LENDERS _______________________________________________________________________________ 238 DEFERRED DEPOSIT LENDERS ____________________________________________________________________ 290 RENT-TO-OWN DEALERS _____________________________________________________________________________ 297 PAWNBROKERS _________________________________________________________________________________________ 308 PRECIOUS METAL AND GEM DEALERS ______________________________________________________________ 330 CREDIT SERVICE ORGANIZATIONS __________________________________________________________________ 341 HEALTH SPAS _________________________________________________________________________________________ 347 NOTIFICATIONS ________________________________________________________________________________________ 360 CONSUMER LITIGATION FUNDERS __________________________________________________________________ 525 COMMISSION MEETING MINUTES __________________________________________________________________ 528

i

Scott Lesher

Administrator Email: slesher@okdocc.

Telephone: (405)-521-3653 Department of Consumer Credit 3613 N.W. 56th Street, Suite 240 ? Oklahoma City, OK 73112 Telephone: (405)-521-3653 ? Fax: (405)-521-6740 Statewide Consumer Line: (800)-448-4904 Website:

MISSION STATEMENT

We protect and educate consumer buyers, lessees and borrowers against unfair practices, and are fair and impartial in the regulation of consumer credit transactions in Oklahoma.

_______________________________________________________________________________________________

2

ADMINISTRATOR'S REPORT

The Administrator's report includes information pursuant to Title 14A O.S. ? 6-104 (5), and is expanded to include other responsibilities and accomplishments of the Department of Consumer Credit.

The Department of Consumer Credit annually licenses or registers over 13,841 credit-related organizations including mortgage lenders, mortgage brokers, mortgage loan originators, supervised lenders, deferred deposit lenders, rent-to-own dealers, pawnbrokers, precious metal and gem dealers, credit service organizations, health spas, consumer litigation funders, and notifications in relation to acceptance companies and businesses that finance goods and services for Oklahoma consumers.

There are 6,414 licensee offices which are periodically investigated or examined. The table and chart below includes the number and percentages of those offices.

Table-Industry office numbers & percentages

Industry Mortgage Lenders Mortgage Brokers Supervised Lenders Deferred Deposit Lenders Rent to Own Dealers Pawnbrokers Precious Metal and Gem Dealers Credit Service Organizations Health Spas Notifications Consumer Litigation Funders

Offices 1,157 281 1,255 197 227 287 66 51 179 2,693 21

% of total 18.04% 4.38% 19.57% 3.07% 3.54% 4.47% 1.03% 0.78% 2.79% 41.99% 0.33%

Total

6,414

3

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download